Casey still likes Anatolia, Turkey's junior big wheel
2004-10-14 20:16 ET - In the News
Douglas Casey, writing in the Oct. 1 issue of his International Speculator, says Anatolia Minerals Development is a buy at 99 cents. Mr. Casey recommended the stock as strong buys four times between September, 2001, and April at prices from 40 cents to $1.62. A $1,000 investment each time would be worth $5,219 today. Anatolia has almost two dozen large properties scattered across Turkey and an annual exploration budget of $700,000 provided by mining giant Rio Tinto. The basic deal is that the company is financed to produce a steady stream of prospective targets that Rio Tinto has optioned. So far, Rio Tinto has spent almost $13-million on joint exploration projects resulting in six to eight prospects the company believes have the potential to be economic. Anatolia's 100-per-cent-owned Copler project, with a 4.2-million-ounce resource grading 2.9 g/t gold inferred, was passed on by Rio Tinto. Anatolia has now completed the 207-hole program and the mineralization is still open. In addition, Anatolia owns 100 per cent of Yahyali, located in a district that has shipped over one million tonnes of ore grading 20 to 40 per cent zinc. Mr. Casey says Anatolia is a company with "big mine potential."
News 
Market Data 
Discover 
