Endeavour Mining (EDV.TO, EDVMF) Message Board

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Gold/Mining/Energy : Endeavour Mining (EDV.TO, EDVMF)

EDV.TO 76.19

+1.3%

Jan 13 3:59 PM EST

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To: Madharry who wrote (239)	10/19/2007 10:45:21 AM
From: Madharry	Read Replies (1) of 544

re rmk.v from a poster on another thread: Roxmark states in their 2006 annual report that it is "the leader in gold and moly exploration and development in the historically significant Geraldton-Beardmore area of NW Ontario". To some extent this is true simply sue to its long history in the area. However, investors like action and aggressive managements. Unfortunately, RMK has recently been eclipsed by KXL and many crown KXL as leader in this area and view RMK as a bit of a laggard. RMK share holders shouldn't get too upset as KXL has now turned heads and has focused world attention onto this once long forgotten mining area. A lot is going on now with RMK and their JV with PG will accelerate & diversify their program. The long term picture for RMK looks EXTREMELY good. Short term, investors are awaiting results from their fall 2007 drill program and the 43-101 report. IMO, RMK will drift higher caught up in the G-B gold camp attention now starting to build. Of course, if we get outstanding news from the company, this could change everything. IMO, given the new finds in the B-G gold camp area, their JV with PG, re-evaluation of their assets, and the fact that they are the closest to production in the area, 75 to 100 million market cap would be a conservative estimate of their current FMV or even book value. That translates in to about 50 to 65 cents per share. Rarely do stocks trade at their FMV or even book value, some trade a lot higher with hipe and others trade lower when there is no attention on the security. It is my firm belief that RMK is now trading well below their FMV. I can see little risk here at the current entry point and little if any downside. DO your own DD and come to your own conclusions. When the full attention arrives at G-B gold camp, RMK will be noticed and noticed BIG!!!

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