evg's forward gold sales, page-5

Agreed cy7. I posted a comparison with Integra in an earlier thread - another producer with a hedge book yet has done pretty well in spite of it. In fact IGR recently attracted Baker Steel Capital and Van Eck Associates as major investors.

As for Mac Bank I always like to take a look at MQG's chart to cheer me up. New I should have shorted it.

Lastword, projected free cashflow from Las Lagunas for 2012 is $US16m rising to $US52m in 2013. I believe EVG used very conservative prices of $US1061 Au and $US22 Ag.

I tend to view Las Lagunas as the engine that will drive the growth of EVG/PanTerra and not the primary focus.

As you've no doubt discovered the company has some very enticing projects and prospects in the pipeline:

Azuay, Ecuador
San Gerardo, Ecuador
JVs with Novus Gold in the DR
Trujillo, Peru

Plenty of reading for you. I certainly came to the conclusion there's a lot to like about this company.

Good luck.