Great result really, a summary of changes from the Scoping Study Below:
LOM Production +100%
LOM +47%
Funding +21%
AISC -3.4% (i.e down $36 an oz)
NPA +312% rom $18.6mill to $58.1mill
IRR +43%
More tonnes and higher grade delivering compelling value.
EGA is unloved and largely unknown by the market, it seems exploration is the key to value these days, luckily EGA will soon be hitting the untested 10k of strike (parallel shears and along "A" shear) soon.
EGA Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held