EVG 5.41% 3.5¢ evion group nl

quarterly, page-7

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    Sorry all, for my ongoing ramblings, but trying to get my head around the metrics of this project with the updated financials.

    Have run a few calcs using the companies numbers (having properly looked at the last few announcements), depending on how bullish you are with gold prices things look great, valuing envirogold, solely on the reprocessing of tailings means that at a gold price of $1600/oz and $40/oz silver the total profit after taxes, royalties and capex would be $300,000,000, or double our current fully diluted market cap.

    For a near term producer, that's pretty impressive.
 
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