Ann: EVG Reports Improved Azuay Project Economics, page-7

re: Ann: EVG Reports Improved Azuay Project E... yes interesting drill photo looks to be hydraulicly operated like South African drills rather than pneumatic not that I know stuff all about air legs.

The release infers that Ecuador phase 1 is just a gravity circuit for the first 18 months from July 2012 guess they will reprocess the tailings after that through the CIL plant when its built in Phase 2.
Nice low OPEX per ounce to

That release bases the Equador mines at a higher NPV than EVGs cap so in a way LL is like a free option for shareholders.