EVG 5.41% 3.5¢ evion group nl

Ann: Further Delays to Financing Las Lagunas Gold, page-18

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  1. cy7
    930 Posts.
    re: Ann: Further Delays to Financing Las Lagu... Just thinking about EV valuations ---- the Market Cap figure is a little out as my figures are still quoting 400 million shares and not the new 438 million, but for reasons of simplicity I will leave it as such.

    Another point I was thinking about is that because the Debt is either constant or falling (we hope so anyway) the shares price will increase at a greater rate than Enterprise Value.

    Roughly to get the EV/oz of Resource to rise from $92 to $150 (~66%) the share price would rise from 4.6 cents to 22 cents (~500% increase)

    Similarly to get the EV/oz of Production to rise from $845 to $2500 (~300%) the share price would have to rise from 4.6 cents to 40 cents (~900%)

    Sounds like I am doing a serious ramp here and I am not.
    EVG will do very little until the Grimworld and Project Finance issues are resolved.

    The negatives are there loud and clear for us all to see, but if we dig a little, the situation just could change.

    Life is full of surprises, just hope in this case they are good ones ---- alas it wasnt so for our poor Kevin.
 
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3.5¢
Change
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Mkt cap ! $7.980M
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2 260020 3.4¢
 

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Price($) Vol. No.
3.5¢ 56079 1
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