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SGX - Merrill Lynch rates the stock as Buy, High Risk

BROKER NEWS - 25/01/2008

Broker maintains its belief this company is on track for strong growth and the released December quarter production report proves just that.

If you agree with the view that gold prices are likely to move higher, than you will agree with the broker's view that the risks to current earnings forecasts are to the upside.

Target price is $9.00. Current Price is $7.37. Difference: $1.63 - (brackets indicate current price is over target). If SGX meets the Merrill Lynch target it will return approximately 18% (excluding dividends, fees and charges - negative figures indicate an expected loss).