Agreed cy7. I posted a comparison with Integra in an earlier thread - another producer with a hedge book yet has done pretty well in spite of it. In fact IGR recently attracted Baker Steel Capital and Van Eck Associates as major investors.
As for Mac Bank I always like to take a look at MQG's chart to cheer me up. New I should have shorted it.
Lastword, projected free cashflow from Las Lagunas for 2012 is $US16m rising to $US52m in 2013. I believe EVG used very conservative prices of $US1061 Au and $US22 Ag.
I tend to view Las Lagunas as the engine that will drive the growth of EVG/PanTerra and not the primary focus.
As you've no doubt discovered the company has some very enticing projects and prospects in the pipeline:
Azuay, Ecuador San Gerardo, Ecuador JVs with Novus Gold in the DR Trujillo, Peru
Plenty of reading for you. I certainly came to the conclusion there's a lot to like about this company.
Good luck.
EVG Price at posting:
17.0¢ Sentiment: ST Buy Disclosure: Held
