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AllFuelledUp,

we would expect the price of the company to be towards $1 on completion of an issue free construction phase (scheduled Feb 09), recently from the company re Las Lagunas:

"It is anticipated drawdown will commence in April 2008 comfortably meeting the construction schedule for the project."

and...

"The Company will commence site works at Las Lagunas next month and has already ordered long lead equipment items to ensure construction completion by February 2009."

and...

"The project is expected to produce 435,000 ounces of gold and 3.97 million ounces of silver currently valued at approximately US$470 million, over its 6.5 year life."

Net profit after tax at current gold/silver prices for Las Lagunas will be ~$150M over the 6.5yr mine life, or ~$24M per annum and this does not include the projects in Peru (Lagunas was orinally scoped on $650US pog).

Trujillo project (Peru) will have better economics because of higher head grade (~12gpt) and produce over 10yrs. Trujillo could produce ~$30M per annum at current gold/silver prices.

If EVG get Las Lagunas over the line on time and within budget than we should expect a sp of between 50-100c, and option price between 25-75c...obviously both heads and tails are not a bad punt at current prices if you can hold for a year.

I continue to hold after recently buying in around current prices...the upside potential is there, the management and engineering teams are competent, the funding is in the bank, long lead items have been ordered...what am I missing?

Is this really so easy? time will tell, but for now, the numbers work!?!