"I continue to recommend Newcrest as my major preferred big-cap play, with a target of $42, up nearly 10% from current levels. Southern Cross's new resource analyst, Fleur Grose, has a positive view on Lihir (LGL); stand by for more news in that space. In the small caps, St Barbara is my preferred play, with a target of $1.20, up 36% from here. Peter Chapman believes St Barbara is an outstanding growth story, with annual production expected to grow from the current 170,000 ounces to 450,000 in 2009."
NCM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held