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 >
Rubicon – Proving up Discovery
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ANDREW KAIP, BMO Capital Markets
(05/28/2009)
"RMX, at a pre-resource stage, has made a significant new high-grade gold discovery, which BMO Research estimates has achieved 1.5Moz of gold potential. Given existing infrastructure, RMX is well placed to fast track production to a potential 100koz per annum at lower quartile cash costs. At the discovery stage, RMX's premium valuation is not unrealistic, with near-term news flow critical in assessing upside to BMO's valuation. RMX is trading at 2.2x the 10% nominal NPV of US$0.90/share, using the BMO metal price forecast, and 1.6x the 10% nominal NPV using a spot gold price of $957/oz. A premium valuation to BMO Research's NPV reflects the discovery stage and high-grade potential of the Phoenix project. BMO Research rates RMX Market Perform (Speculative)." |
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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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