RE:Excellent
- Yes, it is good to see that EDV has reached a milestone. 4 operating mines with approx 400,000 oz/yr production level. Does that quaify EDV as a mid tier producer rather than a junior.
- The market has treated EDV like a "dawg" so far in terms of its market cap and P/E valuations.
- I compare EDV to SMF which has 1 mine producing approx 25% of what EDV produces with a higher AISC. And yet SMF now has a market cap of over $1 billion.
- I believe that if EDV is what it claims and has proven it is, then its market cap should be at a premium to SMF. In other words, based on fundamentals, EDV market cap should be around $1.5 to 2 billion dollars which equates to a share price in the range of $3.50 - $5.00
- And we are trading at........ 65 cents ?????!!!!!!!!
What Gives !!!!!....