Paradigm Raises Target on Guyana Goldfields

DON MACLEAN, Paradigm Capital Inc. (10/23/2009)
"Guyana Goldfields' share price has performed well (+28%) since releasing its Preliminary Assessment on the Aurora project, more than double the performance of the TSX Gold Index.

Despite this performance, we believe the shares are still attractively priced given the robust project outlined, and significant exploration upside remaining.

We continue to view the Aurora project as a strategic deposit—either a 'Company-maker' or an attractive takeover candidate. We reiterate our Speculative Buy rating, and are updating our target price to C$8.00/sh."

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