analyst: westhouse securities

http://www.miningnewspremium.net/StoryView.asp?StoryID=2392446

Buy, Sell, Hold: Platinum Australia, Independence Group and GGG
Friday, 3 June 2011
Blake Wilshaw


GGG Resources (GGB)

Analyst: David Navas, Westhouse Securities (UK)

Recommendation: Buy

Price target: 51c

Thursdays close: 39c

Reason: Positive outlook for Bullabulling

Comments: GGG Resources has confirmed its successful listing on the Australian Securities Exchange, an integral element to GGGs offer to Auzex Resources shareholders. Auzex is GGGs ASX-listed joint venture partner at Bullabulling, the hugely prospective gold project in Western Australia. The long-term prospects for Bullabulling are very positive and the offer has led Auzex to focus on the asset and agree to fast-track its development.