I hope the option of toll treating is explored in the PFS - if the ore is sorted then it may well make a lots of sense to do this. I am sure this is being explored.
If the ore sorting makes it viable to run 4.2m drives and twin boom jumbos I am not sure how the lodes can be too narrow. Anyway this should all come out in the DFS and from the RRS presentation the implication seems to be the AISC is going to come in lower than in the PFS. Unless the DFS is going to be a massive surprise I can't work out how we have a EV of $22 million based on the info released to date.
EGA Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held