Two ways of looking at it, the Fundamentals and the Technicals.
Both involve an element of guess work.
Fundamentally EVG are still under priced at 20 cents.
If we successfully list on the TSX and have a successful start up of Las Lagunas, they are still very cheap.
You would have to rate both the TSX listing and start up fairly highly as achievable.
The other projects are all blue sky.
Technically the price broke out of a Pennant formation at 12.5 cents, and on incredible volume.
Will they re-test the break out price? Has to be unlikely, but still possible.
Also a few gaps that could be filled, but with the fundamentals and also with the huge volume and increased publicity, it is also likely that the price could just motor on.
Both (from my interpretation of what they write) Martin Armstrong and to a lesser extent Steve Saville, are predicting a May peak in both gold bullion and gold equities, with a June low.
To be precise Armstrong thinks a June 13 low would be a very bullish longer term scenario for both.
So my final answer is I dont know, but I am very content to hold EVG shares for the foreseeable future.
When Brian think its time to sell, I will reevaluate
Regards cy7.
EVG Price at posting:
19.5¢ Sentiment: LT Buy Disclosure: Held
