Moriarty likes EVG----still Bob Moriarty of 321gold.com has been bullish on Evolving Gold and been wrong for some time. He remains optimistic, however, judging by this excerpt from his interview in theaureport.com posted today.
Evolving Gold Corp. (EVG:TSX; EVOGF:OTCQX; EV7:FSE) is really an interesting story. It has a joint venture on its Rattlesnake Hills project in Wyoming with a subsidiary of Agnico-Eagle Mines Ltd. (AEM:TSX; AEM:NYSE), which has agreed to spend $75M to earn half the project. So if half of Rattlesnake is worth $75M, the other half owned by Evolving Gold should also be worth $75M. But you can buy the whole company including its Carlin properties for $29M. Go figure. I visited its Carlin project in December. I think it's very close to a major intersection where it has been drilling in the Carlin Trend.
I visited Gold Standard Ventures Corp. (GV:TSX.V; GDVXF:OTCQX) on the same trip, right next door to Evolving Gold. I said in December that Gold Standard may have already drilled a home-run hole on a major new deposit and not even realized it. In fact, that was the case, and its stock has gone from $1/share to about $2.50/share. Evolving Gold, on the other hand, is in the
.22/share neighborhood, so cheap it's insane. It was as low as
.15/share in 2008, but up to a couple of bucks in 2009–2010.