RE:RE:ValuationEndeavor is seriously undervalued. Compared to everyone, but for sure compared to B2. Endeavor will produce 1.5 m oz this year, and probably 1.7 m next year - they are very coy on their forward forecasts. Next year they will add as much as 300,000 oz for 2023 production by building a new mine and optimizing another. They have an AISC under $900. And they are entirely in Africa but in a half dozen different countries. B2 has been a great money maker for me, but I have now mostly rotated into Endeavor. B2 doesn't seem to be doing much these days, except makes gobs of money.
I personally think the Africa risk thing is over stated. The biggest problem the mining companies are having in Mali at the moment is that some of the workers are striking. To me the fact that the workers are unionized is a sign of a stable and developed economy, In the US all the unions have long since been busted and I think a great deal of the politcal instability in the US, with some sort of civil war still very much possible, is that the workers have been screwed for far too long.