Octagon Resumes Coverage of PG

ANNIE ZHANG, Octagon Capital Corporation (03/03/2011)
"We are resuming full coverage of Premier Gold Mines Ltd. with a Speculative Buy recommendation and $8.80 target price; potential resource growth driven by aggressive drilling and additional asset in Nevada: Premier currently has a total attributable NI 43‐101-compliant resource of 1.2 Moz. gold. . .we believe that, post the aggressive drill programs in 2010 and 2011 and the addition of the Saddle Project in the heart of the Carlin Trend in Nevada, Premier will grow its resource base significantly in the near term. We are raising our total resource estimate for its four key projects to 5.6–6.3 Moz., up from 4.03 Moz."

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