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0.00% 28.5¢ egan street resources limited

Yeah but my grasp of the plan is to increase the resource and...

  1. CoreyA
    4 Posts.
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    20/07/18
    16:18
    Post #: 34482486
    Yeah but my grasp of the plan is to increase the resource and reserve significantly through exploration. This DFS is to produce 250koz and the resource atm is 400koz with further heavy exploration planned. So I don't think they will use the first 18months of FCF to payback the debt before exploring further based on the their latest guidance. But in saying that no one knows what the financing arrangement is and it's term
    EGA Price at posting: 22.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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