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52.0¢ egan street resources limited

Ann: EganStreet Raises $4m to Accelerate Drilling at Rothsay, page-8

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Barolobill

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15/09/17

19:00

Post #: 27255027
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Originally posted by Barolobill ↑

This was flagged in the last announcement, most likely April 2014 now. This will give time to lift the resource and deliver an upgraded project in terms of production. My hope is they will get to the 400kt mined p.a/100k pa oz mark with the DFS, whist still keeping capex moderate (I.e sub $50mill).

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That would be April 2018 Lots of drilling to come between now and then. With anther boost to the coffers in March 18 with 40mill odd .25c strike options expiring.

Production by end of 2018 is ambitious, most likely to slide into early 2019.

EGA Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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