altona....start your engine !, page-14

positive Analysts comment im Germany

http://www.goldinvest.de/index.php/altona-mining-mit-kursziel-080-usd-kaufen-21072

Analysts at Foster Stockbroking express themselves again positive for the share of the prospective Australian copper producer Altona Mining (TSX A1C15Y). They expect in the second half of 2011, a sustained improvement in stock market valuation of the company. Accordingly, the investment ratings is "buy," while the target price is set to 0.80 AUD (current rate: 0.345 AUD).

Drilling of the Altona Mining in Finland

Drilling of the Altona Mining in Finland

The experts who have started only recently, the observation of Altona and already visited the mine site in Finland consider the current market capitalization of less than 200 million AUD (approximately AUD 70 million cash) to be very attractive. Especially given a target annual production of more than 50,000 tons of copper from two projects in countries with low political risk (Finland and Australia).

The start of production at the underground mine project at the Outokumpu in Finland was the beginning of next year, expect and will probably be around 8,000 tons per year. In addition, there is a lever in the significant resource and the management of Australia's Roseby project in the Cloncurry region. Even with the current resource of 900,000 tonnes of copper contained Roseby agency is one of the largest copper deposits in Australia that are not in the hands of the majors.

In addition, early next year whether to expect an updated feasibility study on Roseby, which will probably their sights on a production of 35,000 and 45,000 tonnes per year at an investment of 250 to 300 million dollars. Currently run on Roseby already a drilling program of 25 kilometers in length, intended to lead to a resource increase of 50% to be around 2 million tonnes. We expect the first results of the drilling program and, consequently, the first of many more resources increases in June, Foster Stockbroking.

To take the decision of the mining giant Xstrata, the Cloncurry copper project by Exco Resources Section, the value of Altona huge project in the region out clearly explain the analysts. We have been interested media reports noted that Ivanhoe Mines will make a rival bid for Exco (Ivanhoe owns approximately 22% of Exco), although both companies have now rejected that speculation.

Both Altona and Exco would in the opinion of Foster Stockbroking recently performed well. This was however not surprising in view of the Xstrata bid for Exco and the large land holdings of Altona in the same region. Altona mining have also gone through significant changes over the past twelve months after the merger of Universal and Vulcan Resources and the capital of 70 million AUD was made. The experts believe that Altona in the second half of a strong improvement in stock market valuation will learn during the Roseby resource towards 200 million tonnes and growing start production at the Outokumpu project in the first half of 2012.

Altona uptrend takes step by step so the 0,80$ is possible by end of jear.

Cheers