With the calcs done at $33/oz Ag and $1400 Au, the current values give an extra $9M in sales for silver and say $3M to $4M for gold. That gives about $8M per annum after tax etc or 1 cent per share fully diluted. SO just the increase is worth close to 5 cents per share over the life of the tailings. Only problem is it's US cents !
If silver hits $50 and gold to $1550 then its going to be very interesting. AUD gold price though is rangebound from $1370 - $1420 so the upside for profit in AUD will more likely come from silver.
EVG Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
