NRA Capital Pte Ltd
Egan Street Resources Limited (ASX: EGA) - High Margin, High Grade Gold - Working Towards DFS - WA(Image)

Egan Street Resources Limited (ASX: EGA) - High Margin, High Grade Gold - Working Towards DFS - WA

Equity Research Coverage Reports

We have completed a valuation for EganStreet, with this resulting in a risked base case Company valuation/price target of A$61 million, or A$0.44/share, on a share base diluted for option conversions and which uses a conceptual funding model for Rothsay. We see considerable upside in this (our unrisked valuation is A$144 million, or A$1.04/share) and would expect this to increase with positive results from ongoing work and de-risking as the Project advances.

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