Macquarie says investors hunting for value among Australia's listed gold stocks should switch focus to developers and offshore miners from producers, which rallied strongly in 2H. Its top pick is Dacian Gold ahead of production starting at its Mt Morgans gold project in Western Australia by the end of March. Among explorers, Macquarie likes West African Resources as it begins a planned drilling campaign around its Sanbrado project in Burkina Faso. "We expect results from this season to culminate in a positive reserve/resources upgrade at Sanbrado while leading to an expanded development in the updated feasibility study due mid-2018," Macquarie says. ([email protected]; @dwinningWSJ)
Ann: West African hits 13.5m at 18.21 g/t Au at M1 South, page-59
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$1.50 |
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Mkt cap ! $1.700B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.54 | $1.49 | $13.46M | 8.945M |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 58040 | $1.49 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 14961 | 1 |
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