EVG
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0.00% 3.1¢ evion group nl

re: Ann: Financing Documentation Finalised fo... Hi...

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  1. JID
    3,568 Posts.
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    14/04/10
    07:48
    Post #: 6569398
    re: Ann: Financing Documentation Finalised fo... Hi Jarg,

    Ordinarily I would agree with you. However, a gold company like EVG can only stay operational as long as the ore resource is available to feed the mill.

    Thus, a PE of 9 is inappropriate as there is only 6.7 years of ore at their present LL location.

    Thus, the NPV of $78m is a better way to value EVG at present.

    This will increase, however, once/ if EVG secures additional ore resources for LL and advances their Ecuadorian and Peruvian projects.

    Regardless though, market cap vs. NPV is very attractive.

    Cheers
    John
    EVG Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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3.1¢ 		Change
0.000(0.00%) 		Mkt cap ! $7.980M
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Buyers (Bids)

No. Vol. Price($)
1 15625 3.2¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 147071 2
Last trade - 15.08pm 28/11/2024 (20 minute delay) ?
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