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 >
Guyana Goldfields' Aurora Project
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DON MACLEAN, Paradigm Capital Inc.
(12/01/2009)
"Guyana Goldfields is one of our emerging names that holds a 'strategic' asset (4Moz+, not held by a senior company, geopolitically safe jurisdiction), but continues to trade at a P/NAV multiple (0.63x) below others with similar 'strategic' assets, such as Detour (0.67x), Romarco (0.81x), and Osisko (0.85x). The Aurora project's location (in Guyana) is higher risk than Canada or the USA (where the other companies' projects are located), but Guyana, a former British colony, has an excellent mining history and the prime minister (who is also the mining minister) is Canadian-educated and has specifically expressed his support for the project. While the project does have some higher technical risk than some of the comparables (proximity to a river, and both open pit and underground exploitation) it also boasts the best grades. Final key permits are expected in Q1 2010, and a definitive feasibility study and production decision are expected in Q2 2010." |
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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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