AMPELLA MINING LIMITED
Credit Suisse rates as Outperform - Initiation of coverage (1) - Analysts at Credit Suisse have problems hiding their excitement about this gold explorer with tenements in Africa's Burkina Faso. Management is confident a full feasibility study can be completed by 2012 leading to a commissioning of the Batie West project by early 2014.
CS notes an attractive acreage, extensive resource potential and mid-term operating cash flow prospects are all positive factors. The stockbroker has initiated coverage with an Outperform rating in combination with a $3 price target
A 60% gain from todays current share price
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