Noble also on Stabilitas Pacific Gold + Metals Fund's books,...

Noble also on Stabilitas Pacific Gold + Metals Fund's books, here is their brief analysis.

Analysis

25.02.11 Noble Mineral Resources (AUS, price $ 0.65 A, MKP 244 million A $) reports for the December quarter of excellent drill results from the Bibiani project in Ghana. Over a core length of 21 meters was a gold content of 12.1 g / t be detected. Noble plans in mid-2011 start of production to be ramped up to 2012 oz per year to an annual rate of 150,000. The reserves of the project amounts to 605 000 oz g at a grade of 2.2 / t and cover a lifetime of 4.0 years. The life of the resource is currently 7.9 years, but should be extended by the current exploration programs. As Noble has a complete processing plant that produced earlier, both the capital costs are relatively low. On 30.06.10 a cash portfolio was A $ 36.1 million of a total debt burden compared with A $ 0.7 million. On 31/12/10 the cash on hand reached A $ 39.3 million.

Review: Noble presents itself as a successful exploration value with good prospects for a medium-sized gold producers rise. Noble should have an annual production of 150,000 ounces at a margin of 200 A $ / oz can implement, the P / E would fall to 8.1. Positive, the last reported excellent exploration results.

Noble is currently included in Stabilitas Pacific Gold + Metals Fund.

http://www.godmode-trader.de/nachricht/Silber-schwankt-heftig-Analyse-Noble,a2474967.html

* extract (last paragraph) from Euro website, German lingo, translation by Google.