Should find a floor around 25c, before moving higher next month IMO. Should see some more assays soon as well, followed by another resource upgrade, then DFS. Exploration is just getting started
The good news here is that financing could happen very quickly post DFS. We really need to start construction this year.
At a fully diluted EV of $21.5mill, if they can prove visibility on 80-100k p.a, you could be looking at an MC around $250mill a la PNR.
I.e PNR only produces 55k oz at the moment, but they have a pathway to 80-100k.
EGA Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
