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Re: Picassa post# 481

Saturday, 04/02/2011 4:11:10 AM

Saturday, April 02, 2011 4:11:10 AM

Post# of 611
Sid Rajeev, Fundamental Research Corp (03/17/11)

"Newly released drilling results from 2010 demonstrated the size and continuity of the North Stock deposit and expanded the Antelope Basin zone at the Rattlesnake project. . .[and] will begin an initial resource estimate for the near-surface portion of gold mineralization. EVG continues to be in a strong cash position and we do not foresee any need for external financings for at least the next six months.

Our revised valuation on EVG is $1.46 per share, up from our previous estimate of $1.37/share."

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