From what they have seen in recent drilling, copper levels have been tiny, so not seeing it as an issue for EGA. Deflector & Rothsay were owned by the some company at one point (early 2000's) with the plan at the time to treat Rothesay ore at Deflector. Deflctor is about 95km for Rothsay apparently? That might be as the crow flys thought.
EGA would be a perfect fit for DRM, but EGA have the team and resource to be very profitable on their own! 200k oz in the mine plan at the moment and I'm expecting that number to grow substantially over the next 12 months. They only need $30mill odd to get up and running. Deflector was closer to $80 mill from memory? Deflector AISC should be a lot lower in theory.
Anyway, I own both I think this region is under explored and has huge potential.
EGA Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
I think this region is under explored and has huge potential.
