Wednesday, January 07, 2015 11:05:01 PM
EDV.TO - time to buy here IMO
Buying EDV.TO near bottom at start of 2014 was a strategy that worked out well here. With growing production forecasted for next 2 years with Hounde potentially bringing them past 650,000 oz/year in 2017.
If gold goes to $1300 in 2015 then I think EDV.TO is a double from here, just like the start of 2014. Plus it is one of the only producing gold juniors that hasn't really broken out yet so it is a strong buy here IMO. About to potentially pass 50 DMA on daily chart.
A lot of their prouduction is open-pit so AISC should drop in 2015 with current oil price explosion.
Endeavour has 3.5M P&P (resere) ounces at 2-3 g/t and 7.1M in M&I so you can easily see 10 years of operations at current run rate of around 450 oz/year.
Slides 23 & 24 have their ounces and slide 5 the production growth if you need a reminder.
http://www.endeavourmining.com/i/pdf/Presentations/2014-12-03-Mines_and_Money_London.pdf
Buying EDV.TO near bottom at start of 2014 was a strategy that worked out well here. With growing production forecasted for next 2 years with Hounde potentially bringing them past 650,000 oz/year in 2017.
If gold goes to $1300 in 2015 then I think EDV.TO is a double from here, just like the start of 2014. Plus it is one of the only producing gold juniors that hasn't really broken out yet so it is a strong buy here IMO. About to potentially pass 50 DMA on daily chart.
A lot of their prouduction is open-pit so AISC should drop in 2015 with current oil price explosion.
Endeavour has 3.5M P&P (resere) ounces at 2-3 g/t and 7.1M in M&I so you can easily see 10 years of operations at current run rate of around 450 oz/year.
Slides 23 & 24 have their ounces and slide 5 the production growth if you need a reminder.
http://www.endeavourmining.com/i/pdf/Presentations/2014-12-03-Mines_and_Money_London.pdf
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