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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based multi-asset gold producer focused in West Africa. The Company has five operating assets consisting of the Hounde and Mana mines in Burkina Faso, the Ity and Lafigue mines in Cote d’Ivoire, and the Sabodala-Massawa mine in Senegal, two greenfield development projects (Assafou and Kalana) in Cote d’Ivoire and Mali and a portfolio of exploration assets on the highly prospective Birimian Greenstone Belt across Burkina Faso, Cote d’Ivoire, Senegal, and Guinea. The Hounde mine is located in the northern part of the highly prospective Hounde Greenstone Belt, approximately 60 kilometers (km) south of the Mana mine. The Ity mine is located in western Cote d'Ivoire, 480 km west-northwest from Abidjan, in the prefecture of Zouan-Hounien. 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.


TSX:EDV - Post by User

Bullboard Posts
Comment by presto10on Dec 10, 2008 10:20am
447 Views
Post# 15637021

RE: RE: RE: Nice movement - Franz

RE: RE: RE: Nice movement - FranzYou wanted to type EDR???  Well good for you for typing EDV!!!  I used to be in  EDR and was looking at it recently and IMO it is extremely overvalue.  I can't for the life of me figure out why it maintains the market cap it does when EDV and others get hammered so badly.  I think the best jr our there is actually one you've not heard about and it is Troy, T.TRY.  It is an Aussie  microcap gold play with an 8 year DIVIDEND record, with a new mine in Brazil which any day now will announce commercial production.  Mill's up and running for a few months now w/ lots of throughput.  Will produce at least 5 years of 50,000 oz at $300 cost (its old mines, both of which are essentially now depleted in 2008, averaged under $250 aka proven mgt as a low cost producer).  Also all exploration is EXPENSED hence the current year's lousy financials).  Tons of exploration yet to do. They have millions of tons of high grade iron ore sitting next tot he gold which will move the cost to near nil (given a decent iron ore price...maybe not a given!).  Cost to put iron ore into production is just $5 million.  In addition to whatever equipment they have from the two ops that are depleing/depleted they have a fully functional mill in Australia in storage waiting for the right participation deal. They can do deals earning a 77% return on their investment in Comaplex, sold to Agnico.  New to the TSX w/ a $2.80 pp in Jan 08, it is selling UNDER cash in the bank of A$60 m at the end of Sept, and they are completely under the radar. Downside?  Liquidity sucks!
Bullboard Posts