FML 1.85% 13.8¢ focus minerals ltd

in the news - the australian 21st may

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    Excerpt from article in The Australian 21st May -----

    Alex Passmore, head of metals and mining at Patersons Securities in Perth, says investors with a focus on WA stocks should also be considering Catalpa Resources (which last week received a $350m takeover bid from St Barbara), Integra Mining, Focus Minerals and Regis Resources.

    Passmore points to Australian Bureau of Statistics data that show gold exploration has surged from $90 million per quarter in June 2008 to $170m per quarter in December.

    Until 2009, he says, the Australian gold sector was weighed down by domestic cost pressures driven by rapid rises in other commodities.

    As a result, many were forced to explore offshore, particularly in Africa.

    But for the past two years, gold has been catching up to other minerals as the price has soared from $US800 to $US1500 an ounce.

    Link to entire article ----

    http://www.theaustralian.com.au/business/mining-energy/old-prospects-attract-new-attention-as-gold-goes-up/story-e6frg9df-1226059919685

 
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