EGA 0.00% 52.0¢ egan street resources limited

I like this because it's simple. All UG ore and good grade....

  1. 12,259 Posts.
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    I like this because it's simple.

    All UG ore and good grade.
    Simple geometry.
    Simple processing.
    Low CapEx.
    Good recovery.
    Ore body open.
    Parallel extensions.
    New discovery potential.
    Small number of shares on issue.

    Only thing I don't like some much is that the ore bodies are a bit narrow and the annual production rate isn't really high enough to make the market stand up and take notice.

    DFS and more drilling are going to draw down on cash.

    Definetly one to keep an eye on. Could be a good little earner in a couple of years if they can find the funding. Esh
 
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