Value Microcaps Junior Miners

[Bobwins]

EDV.to/EDVMF is one of my two gold producers that I've held thru the carnage. I can't quite figure out why they're so undervalued. They have demonstrated excellent mgmt by building mines on time and on budget. They are a mid level producer slated for 500K oz in 2015 with a market cap like several 100K producers. They have diversity, producing from 4 mines in West Africa and have no problems financing their mines. I expect them to make a decision on their fifth mine later this year that will boost them to the 700K range.

They have been focusing on reducing costs and have succeeded in moving below $1000 AISC. Latest qtr was an eps of .03 so selling for a forward p/e of less than 5.