RE: PE of 4.5? Endeavour is continually reviewing its capital and operating spending and in the current environment we are focussing on core operations and completing construction of Agbaou, and limiting cash spending in other areas. Assuming a gold price of $1,400 for the balance of the year, we expect to generate an all-in sustaining margin of approximately $127 million for 2013, which compares to our original forecast of $166 million at a $1,600 gold price.
$127,000,000 : 412,489,778 Shares -> 0,30 cent -> PE roughly 2,2 at 1400 Gold, I would think...
Cheers sub