Monday, February 18, 2008

Golden Cross Resources (GCR.ASX)

Golden Cross Resources (GCR) has hit a major support level, and has recovered a little. This company has a commanding position in the East Australia's Lachlan Fold Belt, which has been the centre of a number of important porphyry copper-style copper-gold discoveries like Cadia Hill. It is developing a large-scale project, though its not as promising as larger deposits, it has alot of merit with strengthening gold prices.

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Andrew Sheldon www.sheldonthinks.com

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