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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Peter Hambro Mining - Soaring gold price lifts shares

February 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • POG
  • Price:
  • 1496p
Peter Hambro Mining’s technical audit, performed by independentconsultants, concluded that Hambro’s reserves under the Russian systemof classification are very close with JORC, the system used by theWest. It calculated that the most advanced assets, Pokrovskiy, Pioneerand Malomir, have a combined 4.4m ounces (oz) of measured and indicatedresources of gold at an average grade of 1.15g/t, plus 3.5m oz at1.33g/t of the lower category, inferred resources. The report alsonoted strong exploration upside potential at the other  earlierprojects in the Amur region. The shares initially fell on disappointment that no significantupgrades to reserves were announced but have now recovered as gold hassurged to a new high of US$900 per ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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