market depth, page-20

Hi John

Thanks for your thoughts.

I am getting more and more confident with my investment in EVG every day, I was a bit worried last year waiting...waiting..waiting... for Macquarie Bank to release the $ to finance LD. But it is all looking pretty good now and is quickly being derisked as an investment.

In terms of shareprice targets by Dec 2010, I think 30c is very acheivable, if there are no hitches with LD becoming operational. If this is the case we should see most people taking up their 15c options. You never know 30c could be too conservative, especially if other deals are done and the Equador gold projects are Jorced up and properly valued by the market. It will be interesting to see what value the market puts on these low cost inground gold resources once they have been Jorced.

You probably know this story better than all of us, do you want to have a stab as to where you think the shareprice will be in Dec 2010?

I particularly like EVG because it has great management, diversified sovereign risk, low cost gold projects with potential for large tonnage mines in a commodity that seems to keep going up in value.

All the best

Scott