It is indeed the 1st of June and I highly doubt EGS have spent...

It is indeed the 1st of June and I highly doubt EGS have spent $2m on the tenements. So, no harm done IMO, in fact a bonus in the making. 

As to the other multiple projections, what about a little faith? As we know, the junior explorer sector is getting hammered across Australia, particularly where there is no cash flow or not likely to be in the short term. With ~796 resource entities on the ASX, its very competitive out there with day traders increasingly  muddying the water of genuine opportunities. 

In short, I believe in this team, who in the main, run a tight ship. By the end of H1, we should have a far better picture of the status quo AND more importantly, how the vision will be brought to fruition. However, with balance, I concede, the rainbow is still only half formed.

So keep up the discourse - its healthy and appreciated.