RE: RE: RE: RE: RE: NEWS- know why the sell off la The SP is trashed since it peaked at almost $4.00 back in 2011 (?). Too much expectations, over promises, and too little delivery by mgt.
Tax loss selling is also underway as well.
The difference now is that we actually have 2 operating mines, are CF positive, and paying down the debt at a decent pace.
The #'s from the NR should be no surprise, as in the interview with BW awhile back that I posted a summary of, he had already mentioned the approx OCT production #'s for UMZ. This gives UMZ EBITA over $3M/month as he said in his interview. That's $36M/yr annualized, with our current market cap at a pathetic $110M roughly. That's just UMZ #'s, not including EVBC's earnings, which BW had said EBITA is at around $4-5M/month (with debt servicing @ $1.5M/month). Also from that same interview.
The #'s coming from the up coming financials shouldn't be any surprise either (at least I hope), as we all know their production #'s. What will matter are the financials from the upcoming Q's, where we need to see the performance of EVBC.
Regardless, even with no improvements at evbc with all current production and earnings #'s, ORV is undervalued. The thing is, so are many other juniors in the current market! So spread out your eggs a bit. Now is the time to buy all the shares in the different miners. It's frustrating and disheartening with all the manipulation happening in the gold/silver paper markets, but I think most investors that still remain in the PM and PM miner markets know what's coming down the pipe with QE4 and whatnot, so just sit tight!