Troy lets project through the gate at last
March 23 - 29, 2009
MANAGING director Paul Benson and vice president exploration and business development, Peter Doyle, will no doubt be happy. The long hunt for Troy Resources is over, with many hundreds of potential projects being considered at varying levels over the past few years. Now it’s over to Ken Nilsson to weave the Troy Resources-magic at the undeveloped Casposo project in San Juan province, Argentina, bought this week for $US22 million.
Quantum of malice
March 23 - 29, 2009
QUESTIONING Equinox Minerals about the percentage of its share register held on the Toronto and Australian markets elicits a response involving First Quantum Minerals. Make of that what you will, though to be fair, the red metal’s better performance over the past month, and First Quantum’s more recent fund raising, has made the Zambian elephant in the room grow a little larger.
Silence is golden, for now
March 23 - 29, 2009
THEY are a secretive mob out at Conquest Mining in the Balcatta business precinct north of Perth in Western Australia, and with nearly $A30 million in cash stashed away, they can afford to be. However, whether the publicly listed company’s Mt Carlton gold-silver project evolves into something that matches the published rhetoric remains to be seen.
Lihir a Robinson Crusoe in broker’s view
March 23 - 29, 2009
LIHIR Gold has been paid the biggest market compliment of its career with Goldman Sachs JBWere (GSJBW) comparing it to the legendary gold company of the global sector, Canadian heavyweight Goldcorp.
Streeter’s reward
March 23 - 29, 2009
TERRY Streeter’s investment in Western Areas is worth about $A100 million today and nearly $A400 million this time last year when the commodities world was a better place to live. So it’s no surprise that he very much covets the nickel prospective ground in the Forrestania region.
Avoca accounts for surprises
March 23 - 29, 2009
ANALYSTS may have been flummoxed by the quantum of Avoca Mining’s depreciation and amortisation charge but the company’s managing director Rohan Williams is comfortable with the accounting treatment. As he is with the more important issue of the new Higginsville gold project achieving its reserve grade.