1. SLR has had a lot of issues over the years so you can't read too much into them dropping a project. Having said this Rothsay is a small deposit and unlikely to make much impact on SLR production base.
2. Yes a CR is almost a certainty I would say at some point in the future, but based on the DFS and discussions EGA has had with financiers it should be small. I have personally urged Marc to consider a SPP to raise the money so the shareholders are not diluted, but it is not a major worry for me.
3. Rothsay has been a mine before so it is not like it is virgin country. The ore doesn't contain any nasties like Arsenic so there really is no reason for the EPA to say no. In my conversation with Marc he indicated that the EPA had no problems with the mining, all the holdups are due to bureaucratic inertia - basically we are waiting for the WA gov to pull its finger out.
EGA Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
