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I just came across this little gem Anatolia Minerals. All comments welcome.
FYI: Some analysts have compared the first results from Anatolia's Yenipazar project (above) to those of Western Copper, which recently traded to $CDN 10/sh based on Mexican drilling results. If Yenipazar results sustain, this alone could make Anatolia a major winner.
Natural Resource Investor
& World Gold Stock Report
Fax Alert No. 2, Vol. 1998
BUY: Anatolia Minerals Development Corp. (CDN: AMCD.U) Multiple Exciting Discoveries + Joint Venture Strategy = STRONG BUY up to US$1.00 per share Fax Hotline for Market hours 4/2/98 Anatolia Minerals (AMDC) went public only a month ago (2/27), and it is just barely starting to get on the radar screen of the mining share community. The stock (CDN:AMCD.U) is now trading on weakness down to the US$0.50-0.60 level, impacted by quickie selling pressure of certain institutions that loved the stock as a private placement 18 months ago but are now hurting in a depressed market and needing to get liquid. Boy, do we think they're wrong. On good volume, buyers have snapped up over a million shares lately without any new news from the company. This oughta tell you something. Right now, we rate the stock as an outstanding buy for strong gains this year. At current levels, which we don't think will last long as the remaining selling dries up, AMDC now looks to be timed for an upmove in the near term. Here's why: 1.AMDC is to Turkey what Newmont Mining was to Peru. They were first in, and grabbed off the richest mineral exploration positions in the country. Right now, Anatolia holds over 1.7-million hectares of prospects in Turkey with outstanding potential. This includes nine major project areas with known exciting mineralization, including: a)Yenipazar: 105,000-hectare polymetallic volcanic massive sulfide (VMS) prospect in central Turkey. Large base and precious metal geochem anomaly near ancient open-pit coincides with strong IP and gravity. Four holes drilled at the edge of anomaly all hit near-surface ore, averaging 51 meters of 2.5% base metals, 1.3 grams/t gold and 32 grams/t silver. Best intercept is in last hole, a 200-meter stepout, with 78 meters of ore including top 14 meters at 5% base metals, 8.4 grams/t gold and 141 grams/t silver. b)Armutbeli: 35,000-hectare massive copper/gold re-placements, gossans and shear zones in south-central Turkey. Intense copper anomaly and gossan zone over 3 square km (up to 10%+ copper, 1.2 grams gold and 171 grams silver), underlain by very strong shallow gravity anomaly. Three dozen massive gossans average 1.24% copper, 0.15 grams gold and 8 grams silver. Seven recon samples of 2-kilometer-long shear zone ran 2-11 grams gold. c)Bulancak: 9,400 hectares in a rhyodacite dome near the Black Sea in north-central Turkey. Square kilometers of VMS and stockwork base metals mined for over 4,000 years, with 12% copper shipped in the 1960s. Recon drilling and channel sampling gave up to 170 meters of 1% base metals and 3 grams silver. 2.AMDC has a strategy of partnering up with major mining companies to develop its projects. We see the possibility of one or more such joint ventures being announced over the next two to three months. 3.AMDC's CEO, Dick Moores, is a proven mine-finder. Prior to forming Anatolia, he brought two major copper projects into AZCO Mining (AMEX:AZC), and identified and obtained financing for a major Mongolian copper SXEW project. Moores is a no-nonsense operator who is highly regarded by the fraternity of mining majors. 4.AMDC's stock, cleaning out nicely since it began trading, is nearing the end of immediately available supply, in our view. Continued current demand,along with any increases due to more news from the company, should pop the stock near-term. Co. has (+/-)14 million shares outstanding, (+/-)22 million fully diluted. FYI: Some analysts have compared the first results from Anatolia's Yenipazar project (above) to those of Western Copper, which recently traded to $CDN 10/sh based on Mexican drilling results. If Yenipazar results sustain, this alone could make Anatolia a major winner. Risk/reward ratio is rated as outstanding for stock bought in the US$0.50-0.60 range, and up to US$1.00. The stock closed April 1 at US$0.51 per share. (The company was financed at US$0.60 18 months ago and at US$0.50 last fall). STRONG BUY. For immediate AMCD.U corporate information, call 303-670-9945. Knowledgeable U.S. broker is Ben Johnson at 800-547-4898.
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