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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
Post by Bobwinson May 29, 2015 2:34pm
174 Views
Post# 23778804

article about cheap gold miners

article about cheap gold minershttps://www.smallcappower.com/posts/5-junior-gold-miners-trading-27-05-2015

This article shows 5 gold miners that are very cheap on a reserve gold valuation.  Naturally Endeavour is second cheapest and my other junior, Teranga is also on the list.  

I wish I knew why Endeavour has such a low valuation.  I was reading an article today about Detour Gold.  They were touted as a possible takeover by a BNN guest.  Detour produces around 500K oz/yr and has a projected AISC of ~C$1,000.  Sound familiar?  Very similar to EDV.to except for one tiny detail.  DGC has a market cap of 2.29BILLION bucks!!!!!

EDV.to has a market cap of C$252million.  So DGC is valued 2 billion+ more than us with the same gold production and AISC.  In fact DGC hasn't even achieved $1,000AISC/oz.  They lost a big wad of money in Q1 but are projected to make it up by year end.  


Bullboard Posts