EGA is tightly held and thinly traded, it's only been listed on the ASX for 6 months, so still new to many investors. Given how much they have done since listing, I'm getting more and more confident they can deliver on production by Q3 2018.
For option holders, a lot should happen between now and 12/03/2018. What could be the catalyst for SP increase?
Deep drilling, grade extension results (Due soon)
Revised Scoping Study release (Due within 3 months)
Feasibility Study progress reports
Feasibility study release (Q3 2017)
Financing announcement (Q4 2017)
Additional exploration /resource drilling
Rising POG (always helps)
Commencement of construction (Q1 2018)
If all goes to plan, by 12th March 2018 the plant will be under construction and first pour a few months away
EGA Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held