One of the strongest indicators I use when deciding to buy into a company is what the insiders are doing. BJ continues to build his position.
I have spent quite some time researching EVG and am very comfortable with the blue-sky story AND the fundamentals, which is rare.
I am building a big position in this for the coming three years as, IMO EVG will:
1) Bring LL into production on time and within cost
2) They will advance their other, already announced projects
3) They will identify additional Latin American sites
4) They will form partnerships with close-proximity, smaller miners to their LL and other already identified projects, extending the life of their plants
5) The macro outlook for gold will continue to be well above the historical average for the coming years.
6) EVG's operating costs at LL (and other identified projects) are in the lower quartile globally, they have access to new licensed technology, they have funding in place for LL, they have significant resources (both JORC and non-compliant to-date) to keep the business model operating for many years to come, and their market cap is about of 1/3 of the NPV of their LL project alone.
SP will continue to re-rate. I note from your sentiment indicator that you do not hold any yet... don't wait too long here mate.
Cheers John
EVG Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held