Analyst Research Report Snapshot

Title:

GMA RESOURCES - EXPLORER WITH PRODUCTION

Price:

$10.00

Provider:

Edison Investment Research

Date:

20 Feb 2008

Pages:

12

Type:

AcrobatPDF

Companies referenced:

KEMK.L

Available for Immediate Download
Summary:

GMA Resources owns a 52% stake in the Tirek-Amesmessa gold project in Algeria. The land position covers a trend 81km long with numerous brownfields and known gold occurrences. The company has been mining from the Amesmessa gold mine since November 2007, and has begun leaching as of January 2008. At full capacity, annualised production from Amesmessa should be 96,000oz. Short term upside in the shares comes from the first quarter of gold production, while the stock has even more upside potential in the prospectivity of its land position. FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 7190 1755 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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