EGA 0.00% 28.5¢ egan street resources limited

getting information, page-11

  1. 10,813 Posts.
    lightbulb Created with Sketch. 863
    I don't mind unloved as eventually the market catches up. I bought into DRM late last year when it was trading between 16c and 18c and everyone said it was a basket case. I felt the fundamentals were worth the risk and so bought. This is how you make money, not by following the latest hot stock hyped on HC.

    As @Barolobill mentioned the capex requirements on Rothsay are low. Around $30 million will get us a mine producing something around 80k oz per year at an AISC under $1000. Provided the DFS is sound EGA should have no trouble raising this out as debt as the payback time will be short.

    I will sell if I think management is not doing what they said they will do or the resource is not what we were promised. So far all the surprises have been on the upside so I am happy holding no matter what the market thinks.
 
watchlist Created with Sketch. Add EGA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.