"EVG is not a 'discovery' gold explorer, thus there simply can't be a massive upside suprise. Just steady ticking-off-the-boxes to production. And the numbers have been well flagged"
Really? . las lagunas is only one of their projects and even it has considerable upside considering the amount of exploration going on by Canadian companies around it.
As for BJ having to exercise options, he could exercise some of them and sell the rest.
Biggest problem with the project IMHO is if LPG goes up in price as 40% of OPEX is from power costs.
Still OPEX is very low something like $US350 an ounce so plenty of room there.
WOnder if they could take some call options for LNG to cover themselves just a thought.
havent seen this since cudeco , page-35
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