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

Bullboard Posts

Comment by westhecaton Nov 03, 2010 10:47am

462 Views

Post# 17650784

RE: RE: EDV . Share Evaluation & Price

The hedge on 17% over life of mine would be fine but the hedge requirement is between now and 2012. You will have roughly 8 quarters of hedged gold sales at $700. What the split is I can't remember. 60/40? I used to keep the CIBC reports which would have this info but on the takeover I purged my EET stuff.

Even at 50/50 you will break even on half of production and make a decent profit on the other half. Market would value it higher if they got rid of the hedge.

Wes

Bullboard Posts

Debt-free cannabis company set for next stage of growth