RE: RE: Like I said before, 6 months...I agree the Bolivian delay stopped the momentum in the stock from last year but that is really now a nonevent unless production problems surface.
Since EVBC is going to be 70% of its profits I feel since the AGM the decision to produce the Carles area which is slightly below average grade for the whole project at 70% for an entire year I feel has taken over as the most important negative factor for the stock's persistent weakness because it is feared the overall effect could effect cash flow enough to push out the Copperwood project to a later date .
Macroeconomically, there also was a period where the money printing actually remained unchanged for 2 months as these more speculative stocks have been fueled by newly created money. Only the companies with a very strong newsflow held up well. With the Japanese earthquake money printing has ramped up again so that hurdle appears to improving.
Regarding Bolivia I see nothing wrong with what they did by maximizing overall revenues. They had an opportunity to extract another 10,000 oz of Au at Las Tojas, well past inferred resources and with that extra time amended their original development plan at the UMZ and added an acid plant for a more efficient operation.
BTW I added heavily in the 2.70s and back to my original position again.