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: New All-Time Share Price Highs
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BARRY ALLAN, Mackie Research Capital Corp.
(06/08/2009)
"RMX has continued to set new all-time highs. However, we are not prepared to back away from the stock, and are raising our target price from $2.78 to $4.00. In our opinion, there is a very good probability that the F2 Zone is materially larger than 1.5 million ounces we initially calculated. Based on drilling to date and a strike length of 370 meters, we estimate that the F2 Zone has resource potential (diluted to 2.0 meters and high grades cut to 311 g/t) of approximately ~3.0 million ounces. . .In our opinion, the summer drill campaign (just started) will in all probability establish that the F2 Zone is in fact twice the size that what we previously estimated. Currently, RMX is undertaking a 50,000-meter drilling program on the F2 Zone, and we fully believe that additional good drill results will be forthcoming." |
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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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