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02/01/07
10:28
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Yep...don't forget what the Brokers are saying:-
Link: http://www.news.com.au/sundayheraldsun/story/0,21985,20990965-664,00.html
"Brendan Fogarty, of State One Stockbroking, said Conquest Mining, an emerging gold producer, was worthy of consideration.
He said Conquest was due to start mining mid next year and had estimated reserves of 800,000 ounces, which could double with more exploration.
"The open-pit mining operation is relatively simple because the gold is close to the surface," he said.
"There are not many hurdles to production. The gold price should remain strong in the face of rising mining costs."
Mr Fogarty said a South African gold miner had the option to acquire a 15 per cent stake in Conquest, highlighting its takeover appeal."
Cheers, Pie
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