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 >
Advanced Underground Exploration for High-Grade Gold
CATHERINE GIGNAC, Northland Capital Partners
(06/01/2009)
Rubicon Minerals' well-financed, underground drilling and evaluation program in progress. This gold exploration company is focused on advancing the Phoenix Project on the McFinley property in Red Lake, Ontario. The high-grade zone was discovered in early 2008 from surface drilling extensions of known gold-rich geological units. There is excellent potential to develop into a sizeable deposit—comparable to other multimillion-oz deposits within the mine camp. Recommended as Speculative Buy with a target price of $3.50 per share. The potential to host 5.0-10.0 million oz deposit in an active and prolific mining camp, could be valued at $100-$200/oz resulting in the potential for $5.00-$10.00 per share. However, extensive work is required this year to test and delineate gold mineralization, thus the target price of $3.50 per share assumes a discount to the potential upside. |
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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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