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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: bmccra who wrote (31677)	10/28/2004 7:13:35 AM
From: russwinter	Read Replies (4) \| Respond to of 39344

Carries over PM conversation on ANOu.to: I wonder about their listing, in Canada, but in US $. That's a pain for both natural buyers Americans (have to go the the Toronto), and Canadians (have to do a currency conversion). Their second trading problem is that they have haven't gotten hooked up with a major Cdn broker. One of the reasons AGI is a $3.20 stock, is that John McCluskey has really done a great job on his share placements and has utilized Nesbitt Burns to a tea. The stock has deep sponsorship, excellent shareholders, etc. Of course it's also getting to be fairly priced, and not cheap like ANO. ANO's model of working with corporations, is one I discussed with JM (of AGI) several years ago. I like it myself, but JM said "watch and learn", his approach would work, and you know what, he was right. But ultimately ANO may be the home run (from today's prices) because they will sit down with RTZ or KGC (owns 10%) and do a deal for much more than current prices. I don't see Turkey (secular Moslem state, with strong European influences) as high risk, they are going into the EU. Secondly of course Copler's 4.2 million oz inferred resource is an old, understated number. Done in 2/03 it was based on only 29 of 80 holes. They left out 53 outlying holes with "significant" mineralization. Of course RTZ walking at the end of 03, hurt perceptions. But here's a review of what happened since (post 2/03 resource estimate): anatolia-minerals.com anatolia-minerals.com Rio Tinto turns over their conceptual study 01/04 showing 3.9 million oz, confirms ANO's early number, but still leaves out step out drill holes: anatolia-minerals.com ANO follows in June and July with some very nice oxide (low cost mining) results. anatolia-minerals.com anatolia-minerals.com Last round a little light on results, but let's not lose sight of the big picture, Mr. Market: anatolia-minerals.com An oh by the way, another project with RTZ, Tunceli. 1% Cu intercept.