I should have been clearer and said $30 million additional to the cash EGA already has (i.e. ~$40 million total). I do think the larger ore drives, along with the ore sorting, are going to have a very significant uplift in the production rate in the DFS so I am happy to stick my neck out and say $80K oz with a 5 year mine life. I also think we will come in below $1000 AISC. We will soon know who is right
Having said all this even at 60K and $1000 AISC EGA is massively undervalued. All we are disagreeing about is by how much.
@Barolobill do you know of any DFS that has been done on a resource similar to EGA's that has incorporated ore sorting?
EGA Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held