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.