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 >
Casimir Capital Raises Target on TMM
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WAYNE ATWELL, Casimir Capital
(06/30/2010)
"Price target increased 14% to $1.66. We are reiterating our overweight recommendation on Timmins Gold based on the new resource estimates. We have revised our price target from $1.46 to $1.66. The new price target for Timmins shares is based on NAV derived from our updated life-of-mine (LOM) model, firm value to reserves and resources (FV/R&R) and firm value to 2011E gold production (FV/2011E production). At the current share price of $1.38, our new target reflects an upside of 20.2%. Compared to prior resource estimates, M&I resources are now 25% higher, as total resources increased to over 1 Moz. Based on the resource update, we have extended our LOM model by two years to 2016." |
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