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 >
CI Capital Markets Raises Target on RBY
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ELDON BROWN, Stonecap Securities
(03/10/2010)
"Rubicon provided an exploration update for the F2 Zone at its Phoenix project in Red Lake. The update included additional drill results from F2, as well as detailed plan views of the company's interpretation of the gold mineralization at the 300 and 700 m levels defined through drilling completed to date. We believe results from holes including F2-85 (1.0 m @ 15.6 g/t, 17.0 m @ 4.5 g/t incl. 1.1 m @ 41.7 g/t) to the NE support our assumption for an increased strike length for the F2 Zone up to 750 m from 700 m. The overall drill results continued to support our assumption of a higher-grade core at 19.0 g/t within the larger zone. With the strike extension our resource assumption has increased to 2.38 mm ounces from 2.22 mm, which when incorporated into our mine plan for the F2, raises our NAV to $3.43/sh from $3.30/sh previously. We are raising our target price for Rubicon to $6.00/sh from $5.75/sh, based on our continued 1.75x multiple to our revised NAV of $3.43/sh. We continue to recommend Rubicon with a SECTOR OUTPERFORM." |
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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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