merger complete - nice 10.% pop on the tsx

I hope we get something similar on the ASX when trading resumes.

The current TSX price of CAD2.73 translates to $AUD2.85 or 81.2 cents per ADU share.

Hedge has been reduced to a negligible level in 2012 and 2013, and it will only be 32k ounces in 2014-16 (13% of 250K ounce output ) when it ends.

New company is net cash positive, but only by around $20m, and has a strong cashflow based on its 172k ounce annual low cost production.

There should be more good news as the drilling results come out next year.

The ASX symbol for ADU is EVR.

loki