Well, just what was required, a bit of volume at 15c to flush out the stale holders. Didn't expect this much volume thou...:) Once it settles hopefully we can now see it reach its true value 40c+ (las Lagunas only) as we head closer to production early next year... by that time the other projects will also be advanced creating more sp value... The graph of the price of gold over the past 10 years looks good... can expect gold to be a lot higher than it is now once all three projects are up and running.
SUMMARY:
Las Lagunas 65,000 ounces of gold each year. (Starting early next year) until 2019 - tailings at 4.8g/t equiv. operating costs $US 313 an ounce.
?Azuay?, in Ecuador. 65% of two very high-grade gold mines in the Azuay region of Ecuador. Scoping study proposed gold production of 53,000 ounces a year by 2013. This will almost double to 96,000 ounces per annum by the following year. Million ounces of gold potential at average grades 10-12 grams per tonne.
San Geraldo large exploration license next to Azuay. 100,000 mil a year potential...
EVG Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
