DBS Group Research has started scope on CNMC Goldmine Holdings with a "purchase" proposal and an objective cost of 65 pennies.
"Bolstered by well-run operations, enduring income era and focused money costs, CNMC is our favored utilized play on gold," says DBS examiner Paul Yong in a give an account of Wednesday.
Yong says that CNMC had effectively "struck gold" with its leader Sokor Gold Field Project. What's more, now, it is peering toward the securing of a 51% stake in Pulai Mining, a Kelantan-based gold mineworker.
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