Endeavour Mining (EDV.TO, EDVMF) Message Board

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

EDV.TO 68.03

-3.7%

Jan 2 9:30 AM EST

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To: Madharry who wrote (450)	11/15/2009 6:31:58 PM
From: baystock	Read Replies (1) of 544

I don't know much about ALS, but from what little I do know I would agree with you that ALS cares more about their shareholders than EDV. I need to do some DD on ALS and see if there is a multibagger there or not over the next 2-3 years. I can definitely see multibagger potential in EDV in this time frame if they can do another 2 transactions comparable to the Etruscan transaction. I think Endeavour can get a double in valuation by combining Etruscan with 2 other comparable juniors similar to what happened with New Gold. On top of that Endeavour is currently selling for 50% of NAV and I believe this discount to NAV will close over time. So I am hoping for a relatively low risk 4X potential gain, even without any significant gold price appreciation from here.

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