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Baobab Resources (LON:BAO) - Grades up

Tuesday, Dec 14 2010 by
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Dec 14th 2010 - Edison Investment Research today published a report on Baobab Resources (BAO.L, LSE:BAO, LON:BAO) entitled "Grades Up". In summary, the report says:

In November, Baobab released the results of five step-out, reverse circulation (RC) drill holes from the northern portion of the South Zone of the Massamba Group trend in the vicinity of scout diamond drill hole TDH0019. Three of the five holes returned grades in excess of 30% Fe and, while they do not add to our estimate of the resource tonnage at South Zone, they do increase our estimate of the average grade of the deposit by 0.3 percentage points, from 29.2% Fe to 29.5% Fe.




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Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »