GNL great gold mines nl

golden cross breakout! +11%

  1. 34,500 Posts.
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    500,000 cross just went thru at 7c as well, a TAA spike is approaching?



    BBY put out a report, looks like this one which has a J/V with Newmont as well is about to wake up :)

    Extract of report "


    Great Gold Mines Nl
    Exploration Set to Accelerate
    GNL $0.06
    BUY
    1 May 2006 ALL

    We initiate coverage of Great Gold Mines (GNL) with a BUY
    recommendation. GNL has consolidated an extensive
    package of gold and base metal exploration tenements
    covering 3,000km2, extending 230km along the Southern
    extension of Laverton Tectonic Zone (SLTZ) in the Eastern
    Goldfields of Western Australia (WA). The Northern strike of
    the LTZ hosts some of Australia’s largest gold discoveries
    including Sunrise Dam and Granny Smith. GNL is about to
    embark on a A$1-3M exploration programme focusing on the
    Edjudina and Yundamindera projects in the Northern
    tenements and Pinjin in the central tenements where a small
    high-grade gold discovery has been made at Saxon
    Extended. The company also has base metal and gold
    potential to the south within Tantalum Australia Joint
    Venture (TAJV) tenements and Roe tenements near Erayinia.
    GNL recently entered into a joint venture with Newmont
    Mining on the Wild Dam project south of Pinjin. We
    recommend investors BUY GNL for exposure to an exciting
    exploration programme in a highly prospective region of WA."
 
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