IMO - imagine the outcry of allowing another company to merge into EVG at our current SP, or alternatively undertaking a capital raising for an amount large enough to takeover Novus (probably +$15m).
HC would be running red hot with fury.
Much better to allow our SP to run as we get closer to LL production, drill results from Azuay + San Gerardo, news about the application for the copper tenement in Dom Republic to flow through; cash flow to commence, etc, etc.
We can always do a takeover for Novus down the track once our coffers are full or once the SP is +40c or the like.
The beauty of the JV is that if the ground turns into a dud we walk away; if it turns out to be good then we can decide what to do.
Just my opinion but this is a better way to go about it.
Cheers John
EVG Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
