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Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties adjacent to the Carlin district of Nevada.

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Message: Peter G

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Re: Peter G

in response to Re: Peter G by plums

posted on Nov 05, 09 05:04PM

A couple of points: Grandich has EVG in his model portfollio. The recommendation to buy under a buck is a recommendation to buy here. And the only reason to buy here is to make money.

The Bank of Nova Scotia and the National Bank have just made a 10-million dollar bet on EVG. They got in at a 10% discount. I doubt they are looking to make, say, 20%.

There are 51 holes left to report from this last drilling season. While it is a good bet statistically that the assays will cluster around the average - and that average has been excellent so far - you have to bet there will also be some higher values.

Finally, if we are looking at $100.00 rock the 10m is the equivilant of 100,000 ozAu. I can't help but think that 10m worth of drilling is going to find a bit more gold than that.

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