RE: RE: aRE: SIMPLE MATH
Metal,
An important point on credibility -- you can't lose what you don't have. Evolving Gold, for past management gaffes real and perceived, is in a show-me state when it comes to new investors. This company and stock are not given the benefit of the doubt. EVG will have to prove it has great potential in terms of upward reserves growth, to hit your near-term targets.
Don't get me wrong, I'm rooting for you to be correct. I just think we own a stock that has a credibility gauge near empty in the minds of the junior investing public and we should factor that into our considerations.
And Aurum is correct, valuing reserves in the categories that Evolving Gold has to date, is never $300 an ounce in ground and more often is in the $40 to $60 range. Don't take my word for it, there are several articles on the web discussing the valuing of reserves in the different stages of proving them up.
I'm considering adding to my position if the stock gets to .85, and more if it hits .80, .75, etc, planning for a late summer and beyond move. Until then I am prepared to accept the pain.
Anyone else with similar plans?