Canaccord Raises Target on PG

STEVEN BUTLER, Canaccord Genuity (04/07/2011)
"Significant Resource Growth at Hardrock: We reiterate our SPECULATIVE BUY rating on Premier Gold following the release of an updated Hardrock NI 43-101 resource estimate, which was 33% above our estimate. . .M&I resources increased 269% to 2.5 Moz. and Inferred resources increased by 164% to 1.1 Moz. Our 12-month target price has been increased to CAD$10 (from CAD$8.50) primarily due to a larger resource at Hardrock."

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