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46 Posts.

13/07/18

12:47

Post #: 34326153
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Originally posted by Davisite ↑

No. EGA is the most ignored near-term gold producer on the ASX.

The only thing I would add is the opportunity for toll treating hasn't really been explored by any of us here. There was a very interesting discussion in the EXU thread about toll treating their recently discovered supergene find. One of the posters there mentioned that it only costs around $12.50 to haul a tonne of ore 100 km. EGA could start their mine and toll treat while the plant was being built further bring down the funding requirements.

The bottom line is far too many people are focused on the EGA SP and not on the project. The market is not always right (in the short term at least).

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Interesting.

What would be the economics of mining, ore sorting and then transport the ore to a nearby suitable plant for toll treatment.

EGA Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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