iHub Mining Sector Entrance Lobby

[amarksp]

EDVMF is an interesting company... They invest in and finance gold juniors, often taking some juicy warrants as a sweetner. My understanding is their market cap is less than their investment holdings right now, so it is like buying a closed end fund at a discount... Their most significant holding is WHT and WHT warrants.

website: http://www.endeavourminingcapital.com/index.php

In any event, I believe the gold junior financing market will be exploding, with corresponding profits, making EDVMF a good investment...

Doubled my position today @ $1.52. This is not a significant holding for me, but I like the stock.

Had a Nov 02 fiscal 1Q02 loss from Namimbian Mine which likely helped cause the stock price to drop... http://www.endeavourfinancial.com/news/EDV_Q1_Jan_8_2003.PDF

but they can be very profitable, e.g. see annual report as of Aug 02:
http://www.endeavourminingcapital.com/files/EMCC_AReport-Final.pdf

For a 321gold semi-hype piece, which has some good info, be sure to see link below... I calculate with todays prices, Endeavour is selling at about a 38% discount to asset value. NAV=Can$3.75

http://www.321gold.com/editorials/moriarty/moriarty122302.html