Anatolia Minerals Development Limited Daily Chart
Marketclub – Anatolia Minerals Development Limited Trend Analysis (What’s this?)
Anatolia Minerals Development is a junior I got to know some thing ago when it was still known as Franc-Or Resources. Franc-Or Resources Corporation and Crocodile Gold Inc. announced a proposed reverse take-over back in august 2009. Well, a lot has happened since then. Crocodile Gold will be in production by the end of the fourth quarter 2010 but they are still exploring and adding to their resources. Read the latest release about Çopler drilling extending gold mineralization in two zones.
You can find their latest presentation here : http://www.anatoliaminerals.com/anatoliauploads/January%202010%20Presentation%20FINAL1.pdf
I’m putting my entry at $3.67 for the moment but if I can get in lower that could change. This is more of a long term holder but plenty of upside potential in Anatolia when golds correction is over.
Then a bit more about Anatolia :
Anatolia Minerals is an emerging gold producer and leading minerals explorer in Turkey. The Company discovered and is developing the Çöpler Gold Project in eastern central Turkey. Çöpler hosts gold reserves and resources in excess of 6 million ounces and remains open. Çöpler is fully permitted, funded and under construction. First production is expected for fourth quarter 2010. Initial plans are to produce approximately 1.3 million ounces of gold at a cash cost of about $260 per ounce. Additional production expansion of the oxide and sulfide gold resource is expected at Çöpler by taking advantage of the inherent large resource through on-going technical activities and additional drilling. In addition, Anatolia holds a significant pipeline of prospective gold and base metal projects.
Anatolia is pursuing a disciplined strategy for growth through development and resource discovery.
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