Anyone know what company that fat prohets are recommending as referred to in their latest spam email? Sounds like it is at a similar level of development to Monarch not sure it is Monarch given the figures mentioned do not really match.
* They are an emerging gold producer with significant exploration potential, operating in West Australia.
* By the December quarter of 2008, the company anticipates producing gold at an annual rate of 450,000 ounces. At current gold prices, that translates into annual revenue of around $360 million.
* The company plans to increase shareholder value via exploration at the producing mines. This is exciting news, as their gold resources are a staggering 8.4 million ounces.
* Further exploration potential comes via a study identifying geological targets in Australia with the potential to host 1 million ounce or larger gold deposits. A tenement application for almost 1000 square kilometres covering a number of their identified targets has been lodged in South Australia.
* Financially, as at June 30th 2007, the company had around $95 million in cash, leaving it well-placed to fund its development and exploration ambitions.
* In our opinion, considering their ambitions and prospects, the company remains considerably undervalued.
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