News blog

Stratex International

• BY: Andrew Hore |
• POSTED: 06/05/2014 |

Stratex International started 2014 with £10.6m in the bank and it believes that it could be a gold producer by the end of the year.

The 45%-owned Altintepe gold project in Turkey has obtained its forest permit. Stratex’s partner thinks that it will take nearly six months to construct the mine and production should start before the end of the year. There is also potential royalty income from Oksut.

Some of the cash is being spent on the Dalafin prospect in Senegal, early stage exploration in Liberia and drilling at Pandora in Djibouti.

At 3.05p a share, Stratex is valued at £14.3m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2014_55.pdf