Raymond James Initiates Coverage of GUY

BRAD HUMPHREY, Raymond James (07/14/2010)
"We are initiating research coverage of Guyana Goldfields Inc. with an OUTPERFORM rating and a C$9.00 target price. We recommend investors buy shares of Guyana Goldfields. We expect as the company successfully achieves key milestones, moving its Aurora project through the critical pre‐construction phase, its market value will be positively impacted. In our opinion, Guyana Goldfields is in the 'sweet spot' of the typical development company lifecycle with a feasibility study, key permits, financing and a production decision expected within six to eight months."

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