re: Ann: Financing Documentation Finalised fo...
Hi guys
Has anyone ever compared EVG to other South American goldies, I compared it to Andean Resources. When you think that EVG has 600,000 oz gold eq at LD sitting in a tailings dam and will have an operating low cost gold mine by Jan 2011. EVG also seems to have an easy 1,000,000 oz of gold which can be Jorced up in Equador and this mine will be up and running in early 2012, why do we only have a market cap of $25m.
When you look at Andean Resources they have a 1,000,000 oz high grade gold deposit in Argentina, but are still a long way from turning a dollar on any mine, yet they have a market cap of $1,400m.
I found the comparison interesting, demonstrates the relative cheapness of EVG at the moment too, I remember about 5 years ago when Andean was a 6c stock too.
EVG Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
