News

Bellevue Gold shares enjoyed a stellar week thanks to some bonanza drilling results, but leading analysts say the price still has a long way to go...

Bellevue Gold shares enjoyed a stellar week thanks to some bonanza drilling results, but leading analysts say the price still has a long way to go. The company said the latest results from infill drilling at its Bellevue gold project in WA, which included hits of up to 1169gpt, would boost the mid-year resource upgrade. The results came from the Deacon lode, where the inferred resource stands at 410,000oz at 12.3gpt. This is part of the total Bellevue resource of 2.2 million ounces at 11.3gpt.

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Sydney-based broking house Foster Stockbroking has initiated research on gold developer Bardoc Gold ASX: BDC) with a BUY recommendation and 12-month price target of 16cps, well above its recent trading price of ~8.5-9c...

Sydney-based broking house Foster Stockbroking has initiated research on gold developer Bardoc Gold ASX: BDC) with a BUY recommendation and 12-month price target of 16cps, well above its recent trading price of ~8.5-9c. In a comprehensive research note, veteran Foster’s resource analyst Mark Fichera describes Bardoc’s development strategy as “unite and conquer” – building scale and efficiency by extracting synergies and scale from the proximity of gold deposits and a former mine to justify a standalone operation at its 3.02Moz Bardoc Gold Project, just north of Kalgoorlie in WA.

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Perth-based institutional broker Euroz Securities has become the latest financial institution to commence research coverage on fast-growing nickel developer Centaurus Metals (ASX: CTM)...

Perth-based institutional broker Euroz Securities has become the latest financial institution to commence research coverage on fast-growing nickel developer Centaurus Metals (ASX: CTM). Highly respected Euroz resource analyst Andrew Clayton has issued a Speculative Buy recommendation and set a 55c price target for the stock in his initiation note, released on 20 May. That compares with a recent trading price of 27-29c.

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The big boys of the fashionable Pilbara gold scene are flying high. But their smaller brethren, such as Calidus and Kairos, are set to play catch-up as the higher gold price is factored into their models.

Ignoring the conglomerate gold bubble of a few years ago, there has been some serious gold value creation in recent times in Western Australia’s Pilbara. De Grey (ASX:DEG) and Capricorn Metals (ASX:CMM) have led the way, with their market caps on a combined basis now knocking on the door of $1 billion.

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Australia’s iron ore producers are riding a perfect storm of reduced Brazilian supply and surging Chinese demand which has lifted the benchmark price of the steel-making material to within sight of the magic $US100 a tonne mark ...

Australia’s iron ore producers are riding a perfect storm of reduced Brazilian supply and surging Chinese demand which has lifted the benchmark price of the steel-making material to within sight of the magic $US100 a tonne mark – before possibly surging to $US120/t. Share prices of every company exposed to iron ore, including Fortescue and Mineral Resources, have moved up sharply, reaching 12-month highs in most cases, but the story of recovery and fresh heights being reached, does not end there.

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Gold is set to test its record highs over the coming year as the spectre of deflation...

Gold is set to test its record highs over the coming year as the spectre of deflation, too much debt, the prospect of resurgent inflation and currency debasement propels the precious metal towards $US2000 an ounce (reports The Australian Financial Review).

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Analysts from Morgan Stanley and Canaccord Genuity have upgraded price targets for most of the Australian gold producers...

Analysts from Morgan Stanley and Canaccord Genuity have upgraded price targets for most of the Australian gold producers under their coverage (reports MiningNews). Gold futures rose as high as US$1760 an ounce this week, close to seven-year highs, and remain at about $1750/oz. Morgan Stanley said the current price was above its June quarter bull case forecast of $1736/oz.

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An independent review of Strandline Resources’ Coburn mineral sands project near Shark Bay in Western Australia has confirmed no fatal flaws or residual risks...

An independent review of Strandline Resources’ Coburn mineral sands project near Shark Bay in Western Australia has confirmed no fatal flaws or residual risks (reports MiningNews). SRK Consulting reviewed technical, environmental, permitting, product quality and marketing aspects of the project, which will form part of the due diligence process for potential lenders, including the Northern Australia Infrastructure Facility.

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