GREY:GRFJF - Post by User
Post by
bstephanieon Apr 07, 2008 12:20pm
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Post# 14945354
RBC says late stage gold mining for TO
RBC says late stage gold mining for TOGold Miners :
RBC Recommends " Late Stage " Mining and producers for takeovers
Discussing the high costs of bringing mines into production - as well as trained staff and general equipment inflation and shortages - RBC says look to late stage - not development or exploration plays . They also fear capital cost inflation which has already derailed a number of large mine projects.
Their holds include producers like Kinross and Agnico-Eagle.
Among the recommended list fro speculating oin takeovers is :
Western Goldfileds ( WGI) $ 3.23 up .05 ( 1.57%)
Alamos Gold ( AGI) $ 5.84 up .09 ( 1.57%)
from the GOLD article at the Monday market letter at www.amprogram.com