EVG 5.41% 3.5¢ evion group nl

Hi Guys,The hedging will be done at the spot rate not the gold...

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  1. JID
    3,568 Posts.
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    Hi Guys,

    The hedging will be done at the spot rate not the gold forward rates. Mac Bank takes the difference as part of the deal.

    However, even if we get $1,275 per oz USD that is massively greater than the first NPV study indicated (even in AUD it is currently $161 per oz better which really adds up given that it all goes to the bottom line.)

    For conservative investors this locks in a very good profit for EVG for the LL project and de-risks the investment greatly (from a pricing perspective cy7!).

    For bullish investors it still leaves 70% of project production open to gold price movements which, according to most commentators now should continue to move higher :)

    Also note that silver is a reasonable % of the LL project. There will be a total of 4,000,000 oz of silver extracted. This is the equivalent of 66,666 additional gold oz (ie divide by 60).

    The original NPV used silver price of USD $11.75. POS is now USD $20.80 or 77% higher !!!

    In terms of what the market cap may be by the end of 2011 I have some firm ideas on this.

    I'll refrain from saying anything more at this stage until the next EVG presentation is out which should only be a few weeks away at the latest. I'll then write some thoughts. We should all be impressed though I think :)

    I will say, however, that I am very confident that this will be a very fruitful (eventual!) investment for all investors that have held through this period and new investors coming on board at these prices.

    Cheers
    John
 
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Last
3.5¢
Change
-0.002(5.41%)
Mkt cap ! $7.980M
Open High Low Value Volume
3.8¢ 3.9¢ 3.5¢ $35.37K 969.7K

Buyers (Bids)

No. Vol. Price($)
2 260020 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 56079 1
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
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