RE:EDV versus BTO Valuation
Exactly...I am surprised that EDV is valued so low. Also, look at DGC, they have news of a class action lawsuit against them today and stock is up 3%+ today.
EDV is no longer a junior producer, it is a mid-tier producer and I believe that index buying will commence soon on this to include it into a mid-tier basket.
Makes me wonder about the fall in the stock may have been all about EDV booted out of a lot of junior indices last year and now, waiting to be re-entered into a different tier basket (mid tier producer). That may also explain why other stocks like BTO, SMF and DGC's market cap is higher as they did not go through an indices sell off, but will go through eventually.
Good thing is, that all else being equal, EDV is the best opportunity in the mid tier segment as it has to go through a lot of indices buying in future while those indices boot out a lot of other "overvalued" stuff. I see "big rotation" coming soon within this sector. EDV will eventually get back to its fair value which I believe is around a 1.6 - 1.7 billion market cap and that equates to a $4+ range on the share price.
Just be Patient... I see it coming.