Stocktube video
10/06/2011

Bob Foster at Stratex says the potential for the company is ‘exciting’ and the upside ‘massive’

View full size
Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: STI
Latest Price: 6.00p  (-2.12% Descending)
52-week High: 11.38p
52-week Low: 6.13p
Market Cap: 21.79M
1 year chart
1 day chart
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Stratex International
www.stratexinternational.com

Stratex International is an exploration and development company focusing on gold and high-value base metals. The company objective is to be a leading-edge and innovative explorer whilst creating revenue from gold and base metal production via well-managed joint-ventures.

 

Since formation, Stratex has rapidly amassed a portfolio of high-potential exploration licences in Turkey and Ethiopia, primarily focussed on gold.

 

Pdf

Stratex International making good progress in Turkey - FoxDavies

22nd Jun 2011, 12:48 pm by Giles Gwinnett Stratex International is making rapid progress at its assets in Turkey, according to Broker FoxDavies, which rates the stock a 'buy' with a target price of 12.5 pence per share (current price: 7.75p)

Stratex International (LON:STI) is making rapid progress at its assets in Turkey, according to Broker FoxDavies, which rates the stock a "buy" with a target price of 12.5 pence per share (current price: 7.75p).

The firm has eight projects in Turkey.

Significantly, the company released an updated resource statement for the Ortoçam and Ortoçam North zones of the Öksüt gold project, which upped the total resource by 63 percent, said FoxDavies.

This latest oxide resource estimate at Ortaçam and Ortaçam North totals 7.80 million tonnes of indicated and inferred at 0.96 g/t gold for 241 440 ounces.

FoxDavies said it has added these additional oxide ounces from Öksüt into a model using a method, which includes the recent average gold spot price of US$1500 oz.

"On this basis, Stratex’s 278 koz of attributable gold from Öksüt and Karaaac (another of the firm's projects -  in western Australia) would suggest a value of US$12.497 million or approximately 2.6 pence per share," said analyst Peter Rose.

The broker gives a total value for the company of 12.5 pence per share.

Last week the firm unveiled a maiden resource estimate for the Muratdere copper-gold project which showed 186,000 tonnes of copper and 204,296 ounces of gold, as well as 3.9 million ounces of silver, 6,390 tonnes of molybdenum and 17,594 kilograms of rhenium – a rare and expensive industrial metal.

"We have given a value of the maiden resource at Muratdere using comparable recent takeover prices on similar copper equivalent resources. On this basis we believe that Muratdere gives an extra 1.8p of value to the share price," said the broker.

"We continue to believe that Stratex is rapidly moving forward on getting its Turkish assets into production and has an ever improving suite of prospective exploration assets in Turkey and East Africa," concluded Rose.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.