EVN is an ASX gold (plus 25% copper) producer that looks great. In December 2023, it acquired an 80% stake in the NSW Northparkes copper and gold mine, from China Molybdenum Co. (CMOC). Subsequently, the gold price has surged 30% higher. Great timing by EVN; it would cost way more today!
- We are initially targeting $5.50 by EVN, which is 5-10% higher– MM holds EVN in its Active Growth Portfolio.
MM is long and bullish EVN
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