EGA 0.00% 28.5¢ egan street resources limited

Compelling Value, page-11

  1. 7,325 Posts.
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    Not me selling, EGA is new to the ASX and you are right that the lack of volume and depth scares people off.

    Drill results seem to be what gets people excited, think KIN. KIN released a nice PFS in December with NPV around $71mill, AISC $1084, LOM 6.5 years, 18month payback & $35mill funding requirement. Was sitting on MC around $25-30 mill, then boom some good hits with the drill and now MC $65mill and was up 70% in a day! Things can change quickly with these stocks.

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