Page 84 of the West Australian (June 23-24 2012)
Stocks to Watch
Burey Gold
Market cap: $14.9m
12-month range:3.5 cents to 14 cents
Friday close:4 cents
Burey Golds(ASX:BYR) 56 percent resource upgrade (to 1.3 million ounces of gold) at its Mansounia project in Guinea on Thursday wasmet with a shrug from the market and an avoid recomendation by state one securities.
State one analyst Peter Kopetz said in a client note yesterday that the company had"not a bad resource",but being in Guinea and at only 0.8 gramsa tonnegold,its not strong enough to justify development at this stage,in our opinion.
"Needs a higher grade," he said.
(Theres one ommission from the original article which I cant replicate and thats a graph of the share price)
And yet from the announcement of the 21 of June page one,
The latest drilling has identified numerous primary lode units where the gold grade is generally higher than for the saprolite material.
Raider
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