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 >
PI Financial Initiates Coverage of SSP
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WAYNE HEWGILL, Regulus Resources Inc.
(01/06/2010)
"Sandspring Resources Ltd. is a newly listed company focused on their 100% owned Toroparu gold-copper deposit in the Caribbean region of Guyana. The Company was created through the acquisition of a 100% interest in privately held GoldHeart Investment Holdings Ltd., a company whose principle asset was the Toroparu gold-copper deposit. The Toroparu gold-copper deposit hosts a total indicated and inferred 43-101 compliant resource of 2.3 million ounces of gold and 266 million pounds of copper. The deposit was discovered in 2007 when the previous operators drilled beneath the small scale (5,000 ounce per annum), operating, in situ placer gold mine. . . .With approximately $2.5 million in cash, the company is proceeding with Phase I and II of a three phase 15,000 meter drill program over the next 24 months. Based on a discounted cash flow analysis and peer company valuations we believe Sandspring is currently significantly undervalued compared to its peers. We are initiating coverage on Sandspring Resources (V-SSP) with a BUY recommendation and a 12–month target price of $1.70 with a SPECULATIVE risk rating." |
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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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