Hi Guys,Split - I am unsure whether the Canadians are there or...

Hi Guys,

Split - I am unsure whether the Canadians are there or not. In an original release drilling was meant to start late Jan, early Feb with first results in early March.

I am guessing with the few weeks permitting delays we are a few weeks behind in the assay results, but would expect/ hope to get results in before 31st March.

cy7; only 50% of 1st four years Au production hedged. 50% unhedged for Au and ALL of the silver is unhedged.

Au price is important for sentiment in the sector. People are bored/ worried about POG thus flee the small goldie space to speculate elsewhere.

EVG in the best of both worlds:

(1) lowest cost quartile producer (lowers risk)

(2) 126k oz Au hedged (ensuring +$1,000 oz margin, although I do hear others sentiments that nothing is certain until the gold is delivered into the contracts - however I am confident)

(3) Remainder of LL production unhedged (upside)

Plus the other projects, etc...

I wont go on about what I see as the drivers for POG/ POS otherwise I'll start sounding like a raving loony. However, lots of data/ views over on the GOLD threads posted by others.

Cheers
John