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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Metals & Mining Gold
Endeavour Mining plc is a United Kingdom-based senior gold producer with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. The Company has a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. It operates mines that include Hounde Mine, Ity Mine, Mana Mine and Sabodala-Massawa Mine. The Hounde Mine is located approximately 250 kilometers (kms) southwest of Ouagadougou, the capital city of Burkina Faso. The Hounde Mine is owned by the Company (90%) and Government of Burkina Faso (10%). It owns approximately 85% of Ity Mine, which is located 480 kms northwest of Abidjan in southern Cote d'Ivoire. The Mana Mine is located approximately 200 kms west of Ouagadougou, the capital of Burkina Faso. The Sabodala-Massawa Mine is approximately 640 kms southeast of Dakar, the capital of Senegal. It owns approximately 80% of the Lafigue project. Its other projects include Kalana, Bantou and Nabanga.


TSX:EDV - Post by User

Endeavour Mining plc
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•••
Post by chalkmarkson Jun 15, 2011 1:11pm
459 Views
Post# 18719154

Canaccord Renews $5.00 Target

Canaccord Renews $5.00 TargetFrom this AM's Daily Letter:

We maintain our SPECULATIVE BUY recommendation on the shares of

Endeavour Mining Corporation with a target price of C$5.00.


I like this gem:

With no debt and working capital of US$214 million, EDV has an enterprise

value of only US$57 million for a company that we project to generate 2012E

EBITDA of US$57 million.



We continue to value

the shares of EDV based on a 0.85x multiple to our peak gold price estimate of

NAVPS. EDV is trading at 0.42x P/NAV (5%, spot) and 4.4x 2012E CFPS vs. the

junior producer average of 0.73x P/NAV (5%, spot) and 8.4x 2012E CFPS.

Dang! Another GD Value Trap!

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities