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52.0¢ egan street resources limited

I think one of the best things about EGA is the low CAPEX...

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Barolobill

7,788 Posts.

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30/08/17

19:35

Post #: 26876469
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Originally posted by Davisite ↑

The thing I found most interesting about the recent results is they hit gold on a sterilisation drill which means the historical data is not at that accurate. When you add in that there has been basically no deep drilling into all the other shears, the potential of hitting something pretty big is very real.

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I think one of the best things about EGA is the low CAPEX requirement. Get the mill up and running for $30mill with minimal dilution and then drill the crap out of the shears using free cash flow.

I'm looking into the next wave of producers and most of the 100k+ oz hopefuls are looking at CAPEX north of $100mill due to low grades.

Last edited by Barolobill: 30/08/17

EGA Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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