Angelos Damaskos of Sector Investment Managers explains why miners Focus, Kingsrose and Rambler are his top stock picks
Kingsrose Mining The company operates a high grade deposit in Indonesia and is evaluating a deposit in Italy. The mine and plant has planned to start production in the first half of 2011 and at steady pace produce 45,000 oz gold and 750,000 oz silver per annum. Its operating costs are expected to be low as a result of the high grades of gold and silver in the ore. A stockpile of 20,000 tonnes of ore has been accumulated grading at approximately 20g/tonne gold. Continued exploration drilling could add to the reserves base and life of the mine. In Sardinia, the company is evaluating a...
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