EGA price targets - $0.87 to $1.64 (18-30 months), page-9

DYOR. Not Advice.
Targets presented below are based on my research and calculations. You are encouraged to DYOR and make your own decisions.​

On peer analysis we have a potential 5-bagger!

I've updated my analysis based on the production target upgrade to 64,000 koz. See:

https://www.asx.com.au/asxpdf/20190212/pdf/442k4rbzs5hrzv.pdf

Once we transition through approvals, financing and in construction we should move to around $0.57 based on construction peer average of AUD $1.16M of MCAP per 1 koz of production.

Based on average of similar-sized producer peers we should move to $1.44. That's a 5-bagger! By that I mean 5 bags of profit as an 18-month target ( assuming approvals and financing come through soon ).

For the time-being I have removed Gascoyne from calculation of my producer peer average because their share price crashed over 50% in October.