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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Salt'n'Peppa who wrote (49561)9/26/2007 2:20:51 PM
From: russet  Respond to of 78408
 
Taylor refreshes Etruscan buy, could double

2007-09-11 17:41 ET - In the News
Shares issued 108,268,315
EET Close 2007-09-11 C$ 3.09

Jay Taylor in the Aug. 15, 2007, edition of Gold & Technology Stocks refreshes his buy recommendation for Etruscan Resources Inc., recently $2.80. Mr. Taylor said buy on Feb. 14, 2006, at $1.86 and on Jan. 15, 2007, at $3.53. He said sell half on May 10, 2007, at $3.75. Assuming a $1,000 investment for each buy, selling half at $3.75 would have yielded a profit of $508. Mr. Taylor said buy again on June 13, 2007, at $2.90. Assuming a $1,000 investment at $2.90, and taking into account the remaining $1,000 investment after the May 10, 2007, sale, the total $2,000 investment is now worth $2,117. Etruscan expects to put its Youga gold mine in Burkina Faso into production by the fourth quarter of this year. The project hosts a resource of 580,000 ounces gold, but Etruscan's management believes that it can expand this resource to roughly 1.1 million ounces. Mr. Taylor believes that if Youga is successful, the company's share price could double over the next year. Success at any of Etruscan's other projects could send the stock even higher.