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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based senior gold producer with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. The Company has a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. It operates mines that include Hounde Mine, Ity Mine, Mana Mine and Sabodala-Massawa Mine. The Hounde Mine is located approximately 250 kilometers (kms) southwest of Ouagadougou, the capital city of Burkina Faso. The Hounde Mine is owned by the Company (90%) and Government of Burkina Faso (10%). It owns approximately 85% of Ity Mine, which is located 480 kms northwest of Abidjan in southern Cote d'Ivoire. 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. It owns approximately 80% of the Lafigue project. Its other projects include Kalana, Bantou and Nabanga.


TSX:EDV - Post by User

Comment by RONNIE111on Feb 25, 2021 4:03am
182 Views
Post# 32655516

RE:EDV v BTO

RE:EDV v BTOI agree with you tt2 that EDV is a better buy these days,even with B2G way down from recent highs.  Also about the reaction you would expect from the B2G board.  Over the past while  I have found the B2G board to be less than stellar.

I bought B2G way back in 2008, shortly after it did it's IPO at 2 bucks a share.  But between that and my buying Lehman Bos bank went bankrupt and everything went way way down.  (The Reddit kids need to experience that to get an idea of risk - that crash was pretty out of the blue, or at least the serverity of it)  So I got B2G at sixty cents, my best buy of anything ever.  And over the years I sold between $3 to a high of $9.99 not long ago.  By the time it got to the $9.99 I ws pretty much out, but now wish I had dumped all of course.  I had felt that B2G was a tad overvalued,and compared to ,say, EDV, way overvalued.  It might be a buy now?  But compared to EDV it doesn't hold a candle.  EDV is headed to two million oz at very nice cost.  B2 basically has one , perhaps best in the world mine,  that is half of their production, but after that they don't talk about anything new on the horizon.  They are a cash machine for  sure , and seem to be ok with just doing that.  I think Clive is maybe getting tired, definitely old.  I don't count B2 out or anything, with so much money they do have options.

But instead of options, EDV has plans.  Reading about their mine plans for Fetekro  and Kalana was very confidence inspiring.  With those two the 2 m oz /yr would be realized I think.  And both are cheap to build, low cost to operate.  2m oz times $1000 margin US over AISC, is a lot of cash.  ( gold price would be a factor in that for sure)   

Anyway , great advice you gave them over at that B2 forum.  
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