I bought Anatolia Minerals-ANO last week and have been watching this one around $3.80. I believe this stock is under the radar. They are an up and coming low cash cost gold producer who's project-Copler is in Turkey. This company could be a nice fit for Eldorado Gold and Alamos Gold who also has projects in Turkey. As of Dec.31st 2009 they had $83mil. in the bank. They currently have enought money to bring them into full production. As ANO gets closer to production we should see an increase in the share price. I believe in 12mths we can see $10. As long as gold stays above $1000oz., I believe that price target is realistic. ANO is a take over target.
http://www.anatoliaminerals.com/
Anatolia Minerals is an emerging gold producer and leading minerals explorer in Turkey. The Company discovered and is developing the Çöpler Gold Project in eastern central Turkey. Çöpler hosts gold reserves and resources in excess of 6 million ounces and remains open. Çöpler is fully permitted, funded and under construction. First production is expected for fourth quarter 2010. Initial plans are to produce approximately 1.3 million ounces of gold at a cash cost of about $260 per ounce. Additional production expansion of the oxide and sulfide gold resource is expected at Çöpler by taking advantage of the inherent large resource through on-going technical activities and additional drilling. In addition, Anatolia holds a significant pipeline of prospective gold and base metal projects.
Corporate Presentation: http://www.anatoliaminerals.com/anatoliauploads/March%202010%20PDAC%20Presentation%20FINAL.pdf
If you want to compare one current gold producer to Anatolia Minerals it would be Alamos Gold. They both have similiar cash cost, outstanding shares and production. Alamos Gold is trading at $14.45 today. When production starts at Anatolia Minerals expect the market to pay attention. I am sure ANO is on the radar of many gold producers. Alamos Gold already stated they are looking for acquisitions. The CEO of Alamos Gold was on BNN today: http://watch.bnn.ca/#clip277148