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Politics : Technical Analysis
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To: Beam who wrote (10213)2/15/2014 10:37:56 AM
From: aknahow   of 14245
 
EVR may never work out. Own lots of shares purchased much higher. Big loss.

As a speculation, however, it offers real interest right now.

Hecla has a modest 5 hole 1,200 meter drill program on EVR's 50% owned Opinaca property. This is 4 km from the Virginia Mines Eleneore discovery bought out by GoldCorp even before major discovery just on the geology uncovered by initial drilling.

If they hit, doors open to the bigger plays in the D.R.

If they do not at least timing of Hecla drilling carries EVR into drilling on D.R. properties.

EVR is on it's last legs. Reverse split or rollback soon. And yet a hit at Opinaca could produce a 10 to 1 gain with ease and a hit in the D.R. of significance move the stock to $5.

Failure in both moves the stock to zero.

I am not buying more, but am holding, not because, I don't take losses, but for the rational above.

Mark to market every day and a loss is a loss regardless of selling or holding.
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