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 Initiates Coverage of BRD
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WAYNE ATWELL, Casimir Capital
(07/30/2010)
"We are initiating coverage on Brigus with an Overweight rating and a price target of $2.56. We believe Brigus shares are currently undervalued at the July 29, 2010 closing price of $1.20. Based on our life-of-mine model, we calculated Brigus' corporate NAV to be $1.97/diluted share with a discount rate of 5% and life-of-mine gold price of $900/oz. In this NAV, we included 1.3MM oz. of Ixhuatán's resources valued at $100/oz. We apply a 1.25x multiple to Brigus' NAV because it is a company in commercial production." |
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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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