news out, page-11

Fingers crossed Loki!

I think that the recently placed shares will put bit of a handbrake on our upward trajectory for a little longer. In addition, some are sitting on large profits from our prolonged time at around 6c and they may want to cash in.

However, there is no denying the absolute value that is slowly being created here with the advance of three projects all at differing stages:

1) Las Lagunas - Construction & Production <12 months away
2) Pinglio & Papercorp - Development
3) San Gerardo - Exploration

As Seamfiend states, EVG can replicate its model on numerous gold projects in Latin America using its 21st Century technology to access sulphide gold and create efficiency/ scale to those small lease holdings using 19th Century techniques.

We've hit the market with some very impressive announcements of late and been greeted with a relatively big yawn... oh well, EVG will be 'discovered' at some point.

Our main forthcoming announcements as I see it are now:

1) JV partner buyout at LL (coming week or two)
2) Confirmation that Option has been signed off at San Gerardo (again, coming week or two)
3) Drilling has commenced at Azuay (early January)
4) First drill results at Azuay (early March)

5) Ongoing updates from LL on construction progress

I still think selling now would be a decision to regret in years to come :)

Cheers
John