The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Junior Exploration Universe 2Q09
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CHRIS THOMPSON, Haywood Securities
(05/04/2009)
"We add Eastmain Resources to our exploration group. The company is a Quebec/Ontario-focused gold explorer primarily focused on advancing and developing a prospective portfolio of high-grade gold projects in Quebec. With $12 million in the treasury (last reported at $15 million), Eastmain is adequately financed to advance the company's exploration/development budget of $5 million during 2009. A 50% Quebec exploration credit further protects the company's attractive treasury and secures its near-term sustainability. An enterprise value of $65 million, a total resource inventory of 1.24 million high-grade ounces (hosted by Eau Claire and Eastmain), ample exploration potential, and a game plan to continue to build resource ounces at Eau Claire at depth within the T vein system, and to test Eleonore South for hosting another Roberto-type gold deposit underscore the opportunity presented by Eastmain Resources." |
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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.
More Experts
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