TBH even if the debt ceiling is raised with a plan that soothes the credit ratings agencies EVG should march onwards. The in ground resource value is just too good in relation to the company value.
A few questions for those around longer than I:
1. When the TSX listing was first mooted (March I think) the coy suggest a three month turn-around, then in May they suggested a further three months? Does this mean we'll be traded in Toronto by September? Any concerns on this front?
2. We're using Xstrata's albion process to recover the gold and silver, which is energy intensive, in a country with terrible energy infrastructure - what are the company doing about securing power to keep the process going?
3. On the same front, with the Albion process are we paying Xstrata a royalty on our production to use the tech? With or without royalties what are the likely costs per dollar going to be, given that there'll be no recovery costs in obtaining the tailings?
EVG Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
