F2 Zone Extends to the NE at Phoenix

JACQUES WORTMAN, Gmp Securities Ltd. (03/23/2009)
"New results support our view that F2 Zone extends to the NE at Phoenix; more work needed to SW
  • F2 drilling continues to hit encouraging gold intersections to northeast and southwest of F2 Core
  • New assay results confirm F2 is growing to the NE and interpreted to extend to depth
  • Results to SW continue to confirm presence of high-grade gold, but we believe additional drilling is needed to confirm continuity of F2 strike
  • Maintain BUY rating and 12-month target of $2.85/sh based on 1.5x multiple to our conceptual NAV of $1.89/sh."

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: