good volume, price stuck ...., page-17

Very hard to say where the SP will go without a proper JORC resource defined.

Next announcements if they find gold deep into the mountain could push it through 5.8c, but not too far higher.

Once we get a JORC Resource, then we will see significant price increases, this wont happen until around December 2011 to February 2012.

If we do see a 5million ounce deposit then we can use a conservative Enterprise Valuation of $150 per ounce to get an approx Mkt Cap.

5million Ounce JORC Resource x $150 per ounce = $750 Mkt Cap
1.4Billion Shares Outstanding
$750,000,000 / 1,400,000,000 = $0.53c share price

8million Ounce JORC Resource = $0.85c share price

10million Ounce JORC Resource = $1.07 share price

Anything less than a 3million ounce wont add too much value to GOA, it really needs to break the 5 million ounce level for GOA to stand out from all the other small gold explorers with 1-2million ounce deposits!

And with the price of gold forecast to break $2000 per ounce, small gold explorers with a 5m+ JORC Resource will become hot property from 2012 onwards.....:)

Gold Anomaly is very well positioned!

http://www.theaustralian.com.au/business/analysts-lift-gold-forecasts-50-per-cent/story-e6frg8zx-1226133090440

Analysts lift gold forecasts 50 per cent

Michael Bennet
From: The Australian
September 09, 2011 1:10PM

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UBS now has a 'buy' on every one of its 11 gold-exposed stocks. Source: AFP

EXPECTATIONS of ongoing economic turmoil may point to an uninspiring outlook for some asset classes like stocks, but the silver - or, rather, golden - lining could be in gold, with analysts upping their 2012 forecasts for the precious metal by 50 per cent.

Gold last month hit records near $US1912 an ounce after steadily rising through a volatile August on growing concerns around policy-makers' ability to rectify Europe's sovereign debt crisis and the sluggish economic recovery in the US.

Indeed, US stocks this morning continued their soft start to September - historically the equity market's weakest month - after little enthusiasm for Federal Reserve comments, while Australian stocks rose after Barack Obama outlined a plan to stimulate the stalled US jobs market, which was delivered after Wall Street closed.

In Europe, Jean-Claude Trichet, president of the European Central Bank, said "downside risks" to the euro zone have intensified.

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Expectation of "ongoing" global problems saw UBS analysts in London this week dramatically change the investment bank's view on gold, ahead of a review of commodity prices next month - UBS raised its 2012 average price forecast to $US2075 an ounce, from $US1380.

UBS expects the gold price to be higher in the first six months of 2012, but forecasts it to average at $US2075 for the year.

The bank also upped its 2013 forecast to $US1725, from $US1200, and lifted its long-term forecast 18 per cent to $US1100. Early this morning, gold was trading at $US1857.50.

"Our core view is that ongoing global macroeconomic disappointments, the inevitability of further negative turns in the European sovereign debt crisis, with low business, consumer and investor confidence will lead to gold being increasingly used as the line of defence against additional negative market outcomes," the London team at UBS said.

"With the pool of competing asset alternatives sparse, 'new' money will likely flow into the gold market over the months ahead and into 2012, and this should have significant price implications."

UBS analysts in Sydney, who today said it was highly unlikely Mr Obama's plan would change the bank's views on gold, immediately reacted, upgrading Newcrest Mining, OZ Minerals and Kagara to a 'buy', albeit conceding the latter two upgrades were largely due to share-price moves.

But the upgrades mean UBS has a 'buy' on every one of its 11 gold-exposed stocks, including Sandfire Resources, Perseus Mining, Alacer Gold and Adamus Resources.

"Our earnings estimates for all the gold stocks have understandably gone up significantly," said Sydney-based analyst Jo Battershill, adding that the average upgrade for full-year 2012 is 67 per cent and a larger 120 per cent for calendar-year stocks.

Earnings upgrades by UBS were also sharply increased for 2013, with Newcrest's upped 131 per cent. Mr Battershill recommended buying Newcrest to gain exposure to its "world class" portfolio of assets, which it significantly grew through its takeover of Lihir Gold, and which is forecast to "underpin significant growth over the next five years".

By early afternoon, Newcrest was up 2 per cent at $40.34.