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MJ - Eldorado Gold: Still Substantially Undervalued
ETFMG Alternative Harvest
Eldorado Gold (EGO) released its guidance for 2020 on the 20th February. I analyse the guidance below. My conclusion is that the company is still substantially undervalued.
The company operates gold mines in Turkey, Greece and Canada. They also have undeveloped assets in Brazil, Romania and Greece.
There has recently been good news on the mine life at Kisladag with the new mine life extended to 15 years from the previous 3 years. This highlights the positive news flow from the company over the last 6 months.