RE:RE:RE:Convertible Debenture Demption CompleteI don't know if EDV is cheaper than NMI since NMI at current gold price and current market cap is trading at uner 3x cash with zero debt. I know EDV is cheap as well but I don't know if it is that cheap.
What also seperates NMI as a better investment than EDV is the fact that they are in the recently voted number one mining area in the world Australia. Much bertter than the riskier Africa. Also, NMI has much much greater upside value if they keep proving up the Eagle Fault zone with the loose gold. Don't forget with the new Gravity Circuit starting now they will recover alot of free loose gold at the mouth of their mill for no extra costs of production. That could net another 20 000 - 30 000 oz. per year at no additional cost. Now NMI is even cheaper again.