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Share Name | Share Symbol | Market | Stock Type |
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Xcap Securities | XCAP | London | Ordinary Share |
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0.20 | 0.20 |
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Posted at 08/11/2011 09:12 by lucky_punter This year has seen junior gold mining stocks take a battering, but opportunities abound for investors keen on gold miners if they set their sights on Central Asia. So says broker XCAP Securities, which released a note on the sector this morning.Preproduction gold miners operating in the region appear to be "conspicuously undervalued" in comparison to African miners, said XCAP, pointing out that share prices put the enterprise value for Central Asian miners at US$11 per ounce compared with US$53 per ounce for their African counterparts. |
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