re: Ann: EVG commences construction on Las La... couldnt help myself had to double up on the fully paids EVG today at .084.
As india and other countries move their cash reserves into gold rather than greenbacks should be extra good for EVG compared to OZ gold producers as with gold prices going up EVG receives its payments in US dollars rather than a clsoe to par $A and its hedged also at high prices on the remainder.
Having the 3 specialists from Oz overseeing the site works should guarantee start up is on time and the hedge book stays green.
My only qualm is that BJ is a civli engeneer and I would have thought it appropriate for him to be on site to given the high remuneration he is getting.
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