When I woke this morning and saw silver at $43 and gold >$1485 "a perfect storm" was the exact thought that ran through my head.
We have an amazing early stage cash producing mine with low capex, early repayment of debt (approx $50m) and from there, cashflow to augment the development of Azuay and fund the exploration of other leases, and a credible and dedicate management team to boot.
Throw in strong and increasing PM prices and the impending TSX listing (within 3 months!), I honestly don't know where you can find a more exciting company with significant upside with this type of risk profile.
In a couple of years time I honestly believe I will look back at this time and marvel at what an amazing opportunity this was. We have (impending) cash-flow, profits and significant exploration upside and project upside to look forward to within 2 years, and I believe the SP will acknowledge this.
An opporunity to invest in what will be a real, profit making company with amazing upside that really isn't common in the marketplace.
Very happy to be a long term holder.
EVG Price at posting:
20.5¢ Sentiment: None Disclosure: Held
