Over on SI Hot Gold Discoveries...

I have been bearish on EVG since early fall.  Made comments that at the same price in SP that UW was a much better buy.  The market wants and will pay the bucks for the high grade and when EVG high grade ore body discovery turned out to be not that large, the share price has made a consolidation downward to fill the gap upoin news of the discovery.  There is a lot of gold at Rattlesnake hills, it is just mostly low grade and the value of Rattlesanke Hills now will be dependent on them developing the project.

EVG will have its day and will be a good trade again, but there may still more downside to this stock.  Although it is a tempting buy at .80 if support in that area holds.