RE: PRICE ?Profit taking ahead of option expiry in higher volume stocks tomorrow?
And we're still a few weeks away from their expected reporting of Q4s (Mar 17?). Against a backdrop of AEM and Kinross dropping today after release of their Q4 results.
And keep in mind that permits have still not been confirmed on each of our gold mines...so there's bound to be a fair bit of volatility in this stock.
A typical correction in EGU seems to take 1-2 months to play out. We're only a couple of weeks into this one, so it might could well have a bit further to run...$14.60, $14.00 and may be even $12.90(!).
But the patient investor will be rewarded....400k Au eq oz per year by 2013 at $300 per Oz eq cash cost...if gold holds above $1250 and they deliver that kind of production at those kind of costs, EGU could double from here.
good luck all longs, dyor
sjm