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Kennas,

it closed at $2.19 today (Thursday 17 June 2010). Starting to look interesting.

It needs to convincingly break $2.26 on my chart (which I have as resistance level)

This part of Rodman and Renshaw Research on Perseus on 11 May 2010 is still relevant:-

Lead Project Central Ghana Gold Project (Ayanfuri), Ghana

Ownership 90% ADU, Government 10% (on development)

Proven/Probable Reserve 2.1 mill. oz (100% of project)

Resources 5.2 mill. oz (100% of project)

Status Awaiting EPA approval, then construction commences

Proposed gold production Year 1, 230,000 oz p.a., Years 1-4 average 220,000 oz

First Production Q3 2011

Mine Life > 10 years

Capex US$160m for a 5.5 mtpa plant

Cash Costs Year 1 and 2 US$392/oz, Mine Average US$494/oz

Electricity Costs 8-10 ¢ kWh/hr - 4 km from a 16KV line

Hedging May hedge 170-230,000 oz, depending on debt level

Debt Finance Offer on the table for US$80m

Recent Share Issue April 2010 - placed C$91m in Canada at $1.94, and A$29m in Aust.

<blockquote data-quote="Ajax" data-source="post: 561923" data-attributes="member: 30025">Kennas,it closed at $2.19 today (Thursday 17 June 2010). Starting to look interesting.It needs to convincingly break $2.26 on my chart (which I have as resistance level)This part of Rodman and Renshaw Research on Perseus on 11 May 2010 is still relevant:-Lead Project Central Ghana Gold Project (Ayanfuri), GhanaOwnership 90% ADU, Government 10% (on development)Proven/Probable Reserve 2.1 mill. oz (100% of project)Resources 5.2 mill. oz (100% of project)Status Awaiting EPA approval, then construction commencesProposed gold production Year 1, 230,000 oz p.a., Years 1-4 average 220,000 ozFirst Production Q3 2011Mine Life &gt; 10 yearsCapex US$160m for a 5.5 mtpa plantCash Costs Year 1 and 2 US$392/oz, Mine Average US$494/ozElectricity Costs 8-10 ¢ kWh/hr - 4 km from a 16KV lineHedging May hedge 170-230,000 oz, depending on debt levelDebt Finance Offer on the table for US$80mRecent Share Issue April 2010 - placed C$91m in Canada at $1.94, and A$29m in Aust.</blockquote>

[QUOTE="Ajax, post: 561923, member: 30025"] Kennas, it closed at $2.19 today (Thursday 17 June 2010). Starting to look interesting. It needs to convincingly break $2.26 on my chart (which I have as resistance level) This part of Rodman and Renshaw Research on Perseus on 11 May 2010 is still relevant:- Lead Project Central Ghana Gold Project (Ayanfuri), Ghana Ownership 90% ADU, Government 10% (on development) Proven/Probable Reserve 2.1 mill. oz (100% of project) Resources 5.2 mill. oz (100% of project) Status Awaiting EPA approval, then construction commences Proposed gold production Year 1, 230,000 oz p.a., Years 1-4 average 220,000 oz First Production Q3 2011 Mine Life > 10 years Capex US$160m for a 5.5 mtpa plant Cash Costs Year 1 and 2 US$392/oz, Mine Average US$494/oz Electricity Costs 8-10 ¢ kWh/hr - 4 km from a 16KV line Hedging May hedge 170-230,000 oz, depending on debt level Debt Finance Offer on the table for US$80m Recent Share Issue April 2010 - placed C$91m in Canada at $1.94, and A$29m in Aust. [/QUOTE]

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