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3.23% 3.2¢ evion group nl

hi guysDoes anyone have any thoughts on what EVG might be worth...

  1. sduncan
    554 Posts.
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    18/09/09
    17:58
    Post #: 5664141
    hi guys

    Does anyone have any thoughts on what EVG might be worth when it starts producing gold in the Dominican Republic at the start of 2011.

    I know a lot of the production costs and earlier profit projections are probably out of date, but I would have thought that this project alone would have been around $25-$30m per annum, which is almost the same as the current market cap.

    Am i getting this right and why is it so cheap?
    EVG Price at posting: 8.5¢ Sentiment: Hold Disclosure: Held
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