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3,568 Posts.
663
07/12/10
14:44
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Hi Guys,
Very quickly (because I am actively buying more!):
Scoping study excellent!
Conservative asumptions (eg POG $1,000 oz)
EVG share of profit $234m
Lowest cost quartile globally
profit per EVG share (fully diluted to 700m shares) = 33.4c
LL NPV = 31.5c per share (undiluted)
No further dilution required over and above Dec-11 options
Much upside given current POG
Total project values for LL and Azuay +60c ---> SP 12c!!
San Gerardo blue sky upside "potentially at least as good again as Pinglio and Papercorp" + shared infrastructure benefits
It's all good IMO!
Cheers
John
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