A couple of points: Grandich has EVG in his model portfollio. The recommendation to buy under a buck is a recommendation to buy here. And the only reason to buy here is to make money.
The Bank of Nova Scotia and the National Bank have just made a 10-million dollar bet on EVG. They got in at a 10% discount. I doubt they are looking to make, say, 20%.
There are 51 holes left to report from this last drilling season. While it is a good bet statistically that the assays will cluster around the average - and that average has been excellent so far - you have to bet there will also be some higher values.
Finally, if we are looking at $100.00 rock the 10m is the equivilant of 100,000 ozAu. I can't help but think that 10m worth of drilling is going to find a bit more gold than that.