In our experience Goldcorp does not do
placements of this magnitude unless there is
some sort of agenda, even if it’s not immediately
apparent. We assume Goldcorp is
viewing the placement as an entrée into a
couple of areas where it has no current presence,
particularly Nevada. We think this is
good news. The sort of deep exploration
Evolving is undertaking at Carlin and Humboldt
is expensive. It never hurts to have
more cash, and Goldcorp could be a useful
counterpoint (and counter weight) to discussions
that are undoubtedly going on between
EVG and Newmont concerning Evolving
Gold’s Nevada holdings.

EVG having a new friend with very deep
pockets can help calm its market while more
exploration results are awaited. That alone
(plus a bank account now in the $30 million
range) makes the stock a buy at these levels
ahead of drill results from Wyoming and Nevada.