Thanks @Murry, I do love the history side of these deposits, there are so many factors that need to come together for a deposit to be developed. What I'm trying to come get a handle on is if the deposit has been passed on so much due to some technical issue or is was it just circumstantial? I do strongly believe that now is a great time to develop gold mines, with a strong AUD POG, low industry costs and a constructive future POG environment.
I'm looking at the next round of drilling results to be honest and the revised scoping study.
The real potential is the exploration of the other shears, which I bet the board hopes holds another 300k+ oz high-grade deposit, the value of which would be high with existing infrastructure in place.
EGA Price at posting:
23.0¢ Sentiment: None Disclosure: Not Held