EVG 8.82% 3.1¢ evion group nl

Evening guys,I hope people are feeling a little better now.(1)...

  1. JID
    3,568 Posts.
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    Evening guys,

    I hope people are feeling a little better now.

    (1) Dilution will be much lower than previously speculated

    (2) MD is putting his money on the line ONCE AGAIN

    (3) New shares issued at a PREMIUM

    (4) EVG undertaking work streams with the cash to become a mid tier, multi mine, multi region gold producer.

    Loki; we're on the same page on most things but I have confidence that we will be producing 300k gold eq. pa in five years:

    (a) LL 75k pa gold eq.
    (b) Papercorp and Pinglio 100k gold
    (c) San Gerardo 125k gold eq

    (I hear what Reddrgon is saying and we need drill results but from what I know to-date I am confident).

    = 300k gold eq. pa

    LL gold plant fully funded

    Azuay gold plant clearly shown how it will be funded with phased ramp up. Also note that the funding tables in the latest presentation (pages 6-8) show:

    (a) Only $5m dilution required from this point to fully achieve 300k pa status with the remainder of funds from cash flow (and Dec-11 options)

    (b) Cashflows are using very conservative POG and POS assumptions. Lots of upside that people could include here that could be applied to:

    (a) dividends?
    (b) share buy backs?
    (c) acquisitions?
    (d) Project acceleration - Peru?

    2011 will be a great year for EVG

    Cheers
    John
 
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