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 >
FVI: A Look Beneath the Surface of San Jose
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BRIAN QUAST, CIBC World Markets Inc.
(04/26/2010)
"Fortuna Silver released the results of a Pre-feasibility Study (PFS) for its San Jose project and, while input parameters from the study differed from our assumptions, the NAV value generated was only slightly lower than our expectations. We believe the company has built in a considerable amount of conservatism into the San Jose PFS. Given Fortuna's track record of under-promising and over-delivering at Caylloma we are confident that the company will be able to extract value from San Jose in a similar fashion. The San Jose project remains an important component to Fortuna's growth profile. Pre-construction activities for San Jose have already commenced and we believe there are ample opportunities to improve the economics of the project. We reiterate our Sector Outperformer 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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