broker buy recommendation

A broking firm that I dont know, MineLife, has issued the following buy recommendation (published in 'The Bull' on-line newsletter).

"This emerging gold producer has just completed a successful merger with fellow ASX-listed junior, Polymetals. The merger’s aim is to create a significant junior gold producing company, which boasts a strong project pipeline, experienced management team and, most importantly, access to funding. The enlarged company hosts a combined mineral resource gold inventory of 1.63 million ounces, gold reserves of 254,000 ounces, a market capitalisation of $17 million and net cash of $7 million. It also boasts a highly qualified management team."

Nothing new but I like the comments about the management team. It all still depends on the all-in mining cost vs the price of gold. The latter we know, the former not so much (I wish they were more open with this sort of information). Still, it is encouraging that the company is finally begining to be noticed.

Cheetah