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 >
GMP Initiates Coverage of Vast
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RYAN SAVAGE, GMP Securities
(01/19/2010)
"VST is a pure-play Kurdistan exploration company with several JV partners, including NKO, GSA and the KRG. We have estimated a Risked NAV of C$1.04/ share (P/NAV of 74%), which for VST is largely working capital and the Expected Monetary Value (EMV) of their exploration portfolio. . . .Drilling the first exploration well will occur in Q1/10. VST has identified three prospects seismically and well site construction is underway for the first location. We view this as an important catalyst event for the company and one that can result in a material change to our valuation. Drilling of this prospect will likely take 120–150 days, including testing. We are initiating coverage on VST with a BUY Rating and $1.05 target price." |
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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.
More Experts
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