Ann: Financing of Las Lagunas Gold Project, Domin, page-15

re: Ann: Financing of Las Lagunas Gold Projec... Hi Plough

I am trying to get a feeling for what EVG might be worth in 18 months time. From my reckoning LL gold project would have to be worth at least $100 m from a market cap point of view, just based on the NPV and value of the gold plant. Plus if they proove up 1 m oz of gold in Equador, even at $50 oz in the ground, that would be worth $50m IMO, so in 18 months conservatively speaking, EVG could support a market cap of $150m according to my crude estimates, which makes the current market cap of $25 m look pretty cheap. In share price terms, that's a little difficult to predict as I am not sure on the likley level of dilution and obviously injection of the option money if it happens at 15c, could fund the Peruvian project too.