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Re: None

Monday, 03/11/2013 4:35:25 PM

Monday, March 11, 2013 4:35:25 PM

Post# of 173
The following party's analysis is the kind that drives me nuts.

Could fly a 747 through the blue-sky in this earlier published reco by Brent Lundin, Oct 2012 back when the PMI merger was just a rumor basically....



Brien Lundin, in the October, 2012, edition of the
Gold Newsletter, refreshes his buy of ASANKO Resources Inc., recently
$3.28.

Mr. Lundin said buy 12 times between November, 2005, and May, 2012,
at prices ranging from $1.04 to $8.27.

Assuming an investment of $1,000 for each buy, the $12,000 position
is now worth $14,143.

ASANKO is working to improve the metallurgical process at its
5mm-ounce Esaase gold project in Ghana.

It is reviewing alternative mine designs that could decrease the forecast
strip ratio ORRRRRRR increase the ore feed grade.

Over all, the company hopes to decrease capital expenditures for the project.

ASANKO will incorporate the results of its engineering work in a
revised preliminary feasibility study, which it expects to release in early 2013.

Mr. Lundin says early 2013 could be a good time for ASANKO to release
its revised PFS, because gold will likely be going up then.

The editor says he likes the company's management,
which includes chairman Shawn Wallace.

He says management can make Esaase operations more cost-efficient than illustrated
in the previous PFS, released in September, 2011.

The gold bug says the company could attract attention from a major miner.

Buy the stock.

Where does one start in dissecting THIS piece of fluff?














































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