lapsed options good or bad, page-2

Expired:
19,798,500 – Opt. exercisable at 20 cents each on or before 31/12/07 (quoted)
16,535,735 – Opt. (restricted for 24 mths) @ 20c on or before 31/12/07 (Not Quoted)


EVG have some stated short term goals:

1. To issue up to 100 million Ordinary Shares in the Company at a price of $0.16 each, under a prospectus to raise $16 million
* DONE

2. EnviroGold is in the final stages of negotiating a US$22.0 million facility with its bank for the project finance for the Las Lagunas project --- waiting.
* JANUARY 2008:

3. Commence construction of the Las Lagunas project in October 2007 ---
* ACCORDING TO THE ANNOUNCEMENT DATED 28/11/07 IT WOULD APPEAR TO BE UNDERWAY

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EVG is giving me a little grief

They need to quickly finalize the Project Financing which is taking longer than expected.

If it had been finalized in December 07 the options would have been exercised.

I don’t think the expiry of the options is particularly positive or negative.

Project finance and the subsequent commissioning of Las Lagunas is the key.