Thursday August 25, 2016
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PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Archipelago Resources: 129% ahead so far but still a buy at 63p – target (at least) 95p

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- Tom Winnifrith

I first recommended AIM listed gold producer, Archipelago Resources (AR.) back in December 2004 at 27.5p on a website that I do not mention and few read anymore. After publishing some pretty impressive drill results today which indicate real upside possibilities at its 95% owned flagship Toka Tindung mine in Indonesia the shares are 63p. But I reckon that they are worth at least 95p (probably more) and here is why.

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