multibagger stocks - which ones?, page-25

AAM small gold stock soon to be producer in early December.

Nice cup and handle forming, friday retested break out point then posted a Doji, since the initial break out which was on good volume, price has only dribbled back on light volume. This stock appears well prepared for a run. Next time it tests .23 Cup & Handle pattern is completed apart from the break out itself. (see chart further down)

Recent editorial on Gold spotted AAM as a highlight
PURE SPECULATION: Robin Bromby | September 07, 2009
Article from: The Australian
NOT before time -- and great timing, at that. After problems in recent years with declining gold output -- production fell by 4 per cent in the 2009 fiscal year -- Australia is back on the growth path.

Melbourne-based Surbiton Associates, which produces quarterly statistics on the local gold sector, tells us production of the yellow metal not only turned around and rose in the June quarter (by two tonnes) after three quarters of decline but we're on track to become the world's second-largest producer within a year (behind China but ahead of present No.2, the US).

Surbiton's Sandra Close says gold production should get a further boost in the present quarter from the startup of the Boddington mine in Western Australia and several other companies joining the list of producers over the next nine months.

Between now and Christmas these include A1 Minerals (AAM) with its Brightstar mine and Range River Gold (RNG) at its Mt Morgan project near Laverton. The latter has upgraded the resource at Mt Morgans to 517,700oz, at an average grade of 3.08 grams per tonne.