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 >
Sandfire Raises Target on ICI
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CATHERINE GIGNAC, Northland Capital Partners
(12/02/2009)
"Recommended as Speculative Buy with target raised to $1.50 per share from $1.00/sh. We believe this is an excellent opportunity to invest in a potentially high-return, low-cost gold project in China, the world's largest gold producing country. Due to the scarcity of large gold mines, the project could be attractive for a company already working in the region, a new entrant, or a Chinese company. Eldorado Gold (ELD-T) is anticipated to complete the acquisition of $2.0 billion Sino Gold (SGX-ASX) before year-end, which will increase its production and reserves in China. Based on the August 2009 Preliminary Assessment and the NPV10% of the Dachang project is estimated at US$165.8 million or $1.46/sh for Inter-Citic's interest, using a gold price of US$800/oz. Inter-Citic's total net asset value (including working capital) is estimated at $1.51 per share." |
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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.
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