Endeavour Mining plc T.EDV

New note today from Edison

[marben100]

Fair value based on peer group comparable valuations C$39.85; C$44.72 on a DCF basis, using a 10% discount rate; or C$70.10 using a CAPM dervied discount are of 6.65%

Get the note here: https://www.edisongroup.com/publication/q2-outperforms-ahead-of-likely-q3-index-inclusion/29832

Cheers,
Mark

[RONNIE111]

Truly amazing results for Endeavor compared to share price.  They made profit attributable to share holders of $125m US in Q2.  At that rate it would equal $630m C per year.  Not a big stretch that with gold porice in the $2,000s and a probable increase in production next year, they could hit a $billion C profit.  And this for  a company with a market cap of a mere $7

[mercedesman]

Many great tidbits of info.  thx  Mark here's a few that caught my attention "Historically, Endeavour has a good record of meeting its production and cost guidance targets and FY20 was the eighth year in succession in which the company achieved its production cost and AISC targets.... Endeavour is a multi-asset company that has shown a willingness and desire to trade assets