Ann: LSX: Takeover Offer for EganStreet by Silver Lake Resources, page-24

Sure, but the grade is on the high side (9.2g/t) so there is a fair bit of room for error. From all my conversations with EGA's management over the years they were confident that the modelling was pretty conservative and the resource was still open at depth. There weren't any metallurgy issues either which was the original fear.

Always plenty of risk when you go underground (and even above ground too), but the project looked to have a lot of upside. SLR isn't buying to help out the EGA shareholders.