re: Ann: Endeavour reports 2011 Production an...
The report looks pretty good to me.
Over $110 in cash, and $150m cashflow from operation expected (not sure if this is net of tax and cost of finalising the relocation of the village). $30m exploration program in 2012. Cash cost margins are much better than what you get in Oz.
Expansion to over 250k ounces pa on track - go ahead expected Q1 2012, with production in Ivory Coast by end 2013.
Still no word about an exploration program for the huge Liberia tenements that Adamus acquired early last year (or late 2010?)
I would have liked to see a cashflow statement.
Back to sleep until later this quarter when we should get further exporation results and the go ahead for the extra mine (100k ounce pa).
loki
EVR Price at posting:
$2.40 Sentiment: LT Buy Disclosure: Held
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