Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A 201% increase in AIM-quoted Scotgold (SGZ)’s formal measured and indicated gold resource at Cononish in north-east Scotland’s Grampian Highlands, combined with a new mining plan for the project, has not impressed the stockmarket much, but chief executive Richard Gray suggests its prospects could now be transformed. He argues the new, confidently categorised 248,000-oz. resource, with an average grade up 9% to a robust 14.3 grammes of gold per tonne of ore, should make it easier to finance the project, three years after a previous tempt to launch it came to nothing.
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