Deutscher-Goldgräbe. : Interessant
"I understand your disappointment - as an investor, when we believe in something and we don't get to see it come to full fruition or is sidetracked, it can be disappointing. However, this is truly an excellent deal for EVG. RH is a very difficult property to define. They are getting 30% with no risk. This is actually a very good model - having others pay to develop the property while management and shareholders sit back and collect if successful. Sprott is a huge believer in this business model.
Personally, I am THRILLED...
from stockhouse and I couldn't agree more:
Goldcorp buys 15% of EVG cause they see value.
Agnico Eagle to buy 15% of EVG cause they see value.
Newmont Mining drilling in Nevada on EVG cause they see value.
Tookie negotiated deal to get $$$$ from properties and, not from dilution cause he wants to create value to s/h.
The only one whom didn's see value is Grandich cause his family was impatient!!!!
EVG has aggressively drilled RSH for 3 years with impressive results. Now the fun part begins as they go deeper and, with experienced team at Agnico Eagle.
Agnico Eagle management will accelerate the drilling of this property. What took EVG 3 years to do, will be done in 1 year with them. So agreement of 7 years was from EVG standpoint of limited funds but with Agnico Eagle being flush with funds, drilling should be completed quickly, in 2 years at most. Mine up within 3 1/2 years, about 50% faster than EVG.
From EVG standpoint, they will get a royalty of 30% of the net profits. All costs are paid from sales. And, they got all of their explorations costs reimbursed.
How would you like to be given 30% of a gold mine that has tons of gold at no cost!!!!
This is what we have. Management will now push Carlin property which appears to have higher grades of gold than that at RSH.
Matter of time before price spikes up. We are now in consildation phase!!!!! Soon we breakout to new highs.