EVG could today test old highs. Refer previous post re: predictions of possible retracements. An excellent last quarter filing indicates what is needed for stocks of this nature to excel. With technology from Xstrata and management from Mount Gibson and all funding in place, EVG has what it takes to break through the old high of 22/23 cents. Note the reference to possible rare metal content (Molybdenum) in its San Gerardo option. Also note: the comments regarding establishing lines of credit just in case of cost over-runs (good cautious management); Project and loan funding by Macquarie Bank who are not exactly schmucks in the wealth creation business and would have undertaken a lot of due diligence before committing originally; JORC confirmed resources; the fact that the chairman is prepared to drop 2.5 million of his own money as an unsecured loan; the fact that all projects are on or ahead of schedule; the cooperation of Ecudaor government; and. the locality of the San Gerardo option in relation to the Tres Chorrerras (read what was discovered there and the commonality of mineralisation with that of San Gerardo), all points to one helluva emerging spec stock that has the legs to become a real producer within 12 months.
EVG Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
