EGA 0.00% 52.0¢ egan street resources limited

EGA price targets - $0.87 to $1.64 (18-30 months), page-33

  1. 19,025 Posts.
    lightbulb Created with Sketch. 5823
    The PFS NPV was done without ore sorting and it was only a little under the DFS numbers. The big advantage with ore sorting at Rothsay is it allows wider drives that are easier to move the ore out. While EGA has tested the ore sorter on actual ore from Rothsay and it works very well, even if it doesn't work they can go back to the narrow drives proposed in the PFS. Ore sorting is an optimisation, not a critical component of the mine plan.

    Of all the things to worry about at EGA the ore sorter is not at the top of my list. Some movement from the WA gov would not go astray.
 
watchlist Created with Sketch. Add EGA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.