Progress in Raising Cash, Developing Projects

Adrian Day's Global Analyst (05/03/2009)
"Allied Nevada continues to develop its large resource at its Hycroft Mine, with an increase in (measured and indicated) resources to 5.9 million ounces, and positive metallurgy tests of the sulphides. It's too soon to say with certainty how much can be successfully mined, but it's looking more favorable; further studies are planned throughout the year. A positive decision would make Allied very undervalued and a possible takeover candidate. Hold and look for opportunities to add."

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