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52.0¢ egan street resources limited

Ann: New High-Grade Discoveries Expand Scale and Potential, page-36

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Davisite

18,865 Posts.

5549

16/08/17

15:14

Post #: 26536947
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Originally posted by eshmun ↑

Difference is the CapEx. Deflector needed big CapEx because of the copper and I suppose the different ore types that had to go through the mill.

This is much simpler as mention in my first post. Widths are the only issue for me. Plenty of upside for other deposits given historic pitting as well. Current market cap would be paid in well under 2 years based on current information. Just need to see what dilution is involved with next lot of funding. Management are explaining the story well and seem to be doing a good job. I don't see them having problems getting the funding.

Could be a nice little boutique stock to sit on (if there are no witches in the closet on the mining front) for those with the patience for the longer term. The narrowness is probably compensated for by the simple and regular geometry. Esh

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It will certainly take good management to get the gold out, but managed well there is a lot of upside. You don’t have to win them all, just more than you lose. Anyway this is the fun of backing these sort of plays - more fun than horses

Last edited by Davisite: 16/08/17

EGA Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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