RBY: F2 Growing in Resources

ELDON BROWN, Stonecap Securities (02/03/2010)
"Rubicon reported multiple high-grade results from within the F2 Zone on the company's Phoenix gold project

With the results reported from 11 underground holes that tested the F2 Zone between 180 and 810 meters and 3 holes surface holes that tested the lower part of the zone between 1,300 and 1,400 meters Rubicon continued to intercept what we believe are encouraging results that support the thesis that the company is delineating a higher-grade gold zone within the larger overall potential resource.

Further, we expect that the F2 zone continues to demonstrate expansion potential as it remains open along strike and at depth. . . We maintain our $5.75/sh target and SECTOR OUTPERFORM rating."

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