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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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Comment by bullbleepon Apr 13, 2013 10:43pm
199 Views
Post# 21251609

RE: RE: RE: ......$1450 gold....

RE: RE: RE: ......$1450 gold....

I think funds flow (before capex) is close to what you estimate......probably $90M at $1450 with production ramp-up. However, I don't think an EV/DACF of 10 to 15X for a junior in Africa in a down gold market is realistic.

JMO.

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Dealroom for high-potential pre-IPO opportunities