EVN may rise to the range of 3.20 - 3.35

Do your own research before buying EVN Shares

In my opinion Evolution Mining Limited (EVN) share price may rise to the range of A$ 3.20 - 3.35 due to following 5 key reasons,
1) Company is targeting up to 860,000 ounces this year at an AISC of between $900 and $960 per ounce (which seems achievable based on previous experience)

2) Last year EVN produced 803,476 ounces of gold at an AISC of A$1,014 per ounce generating a net mine cash flow of $428.2 million

3) Average realized gold price of $1,600+ per ounce

4) No debt payment obligation until October 2017

5) Gold price trend is up