RE:NEWS! On Track to 345,000 oz///cash costs down to $800/0z in second half!This news will obviously prompt analyst upgrades of Endevour.
170,000 oz in the second half of this year plus 200,000 in the first half of 2014, enroute to 450,000 oz by mid 2014 should see new ratings above $3 per share.
EDV has now confirmed its transition into a mid-tier producer, and will be accorded higher valution multiples.
All in cash costs onwards will now be about $850 per oz, perhaps less given weaker African currencies.
370,000 oz over the next 4 quarters should throw off over $200 million in cash flows even at $1350 prices.
To have carried out a major mine expansion on schedule and on budget, while knowcking over $200 per oz off cash costs, is a measure of just how good the management team is