Step forward for Gabriel

Article Excerpt

GABRIEL RESOURCES $5.84 (Toronto symbol GBU; SI Rating: Speculative) (416-955-9200; www.gabrielresources.com; Shares outstanding: 342.6 million; Market cap: $2.0 billion; No dividends paid) jumped 30% in September after a committee of members of several Romanian government ministries confirmed that the environmental-permitting process for Gabriel’s Rosia Montana gold project will continue. The environmental-impact assessment will likely take three to six months, and will be overseen by the Romanian Ministry of Environment and Forestry. The mine still faces further environmental and political opposition. However, the European Union has stated that the project complies with its environmental regulations. As well, Romania’s current ruling coalition appears to be softening its objections to a mine. Gabriel is a buy for aggressive investors. investors…