14/08/2008
Western Australia-based Medusa Mining has increased its estimated gold resource in the Philippines by 17 per cent to 862,000 oz.
The AIM-quoted company says its new resource estimate for the Co-0 Mine contains an indicated one million oz of ore at 11.63 grammes of gold per tonne and an inferred 1.45 million oz at 10.06 grammes a tonne. That adds up to an estimated 862,000 oz of gold at an average 10.72 grammes a tonne.
Floated at 27p two years ago, Medusa shares reached 69p last November, but have come back since then. Now 47p, they value the company at £76.4 million.
Growth Company Investor subscribers have full access to all our AIM and small-cap share recommendations. To subscribe today with a half-price offer, and gain immediate access to all the recommendations, click here.
Related Articles:
|
| 16/05/2008
|
| 16/05/2008
|
| 15/05/2008
|
| 14/05/2008
|
| 14/05/2008
|
People who read this article also read ...
|
| 15/08/2008
|
| 14/08/2008
|
| 14/08/2008
|
| 14/08/2008
|
| 13/08/2008
|
| AIM | £44.62m |
30.50p
|
0.25p
|
|
| Other company articles: |
| 14/08/2008 |
| 02/06/2008 |
| 07/05/2008 |
| 13/11/2007 |
| 04/09/2007 |
Looking for UK Company Formation
We have reviewed and sorted 423 odd links for uk company formation - the top 10 list is presented here.
Looking for UK Company Formation Services?
Choose from a variety of the UK's favourite great value company formation specialists. Low rates and all the latest offers.
Looking for UK Company Formation Services?
Choose from a variety of the UK's favourite great value company formation specialists. Low rates and all the latest offers.
