GMP Raises Target on ANV

CRAIG WEST, GMP Securities LP. (04/01/2011)
"Last night, Allied Nevada announced a doubling of total M&I resources from 8.0–16.1 Moz.; significantly greater than our expectation for 10–11 Moz. Silver M&I resources increased by more than 130% from 259–598 Moz. We are excited by the impressive resource increase and see potential for further upside. . .increasing target to CAD$50, maintain BUY rating."

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