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.
Armadale Capital (ACP) may be long out of favour with investors these days, but key director Justin Lewis is savouring a new scooping study which gives the AIM-quoted company’s Mpokoto gold project in the Democratic Republic of Congo’s mineral-rich Katanga province a net present value of $55.3 million(£34.5 million), ten times Armadale’s present stockmarket tag of £3.3 million.
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