gold predicted to be 2000us ounce by 2012, page-7

I understand what your saying John.

From my understanding your scenarios 1 and 2 would appear to be correct.

My take on forwarding selling – it is like cheap insurance – seems okay but in the event of a fire it turns very nasty.

If EVG want insurance --- buy puts. They may cost --- but in the event of trouble it can easily opt out --- and it would be a company saving strategy.

As for your comment: “Any suggestions why EVG has been sluggish whilst others are moving on up of late?”

Maybe they have had a good run from 3 cents and are having a pause --- or more worrying is Plough comment re “smoke and mirrors”.

The extension of the options for option holders was a very worrying development, as I posted before. --- A company must retain its credibility --- I hope EVG is not eroding its good name and the standing of it management.

By my standards I hold a lot of EVG --- so it is important to me the company does well.

On many levels it looks an absolute bargain --- and management has had a proven track record over a long time --- good gold companies are hard to find --- I hope EVG are one of them