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 >
AVR Continues Building by Drilling
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ERIC ZAUNSCHERB, Canaccord Genuity
(12/01/2010)
"Avion continues building by drilling. Potential resource expansion and new targets for 2011: Four holes drilled along the Vindaloo zone (two holes, 100m on both ends) expanded the strike length 200m. Assuming similar grades and assumptions as the current 610,000 oz Au resource, Vindaloo could conservatively grow to 750–850 Koz. Au. Avion's share price has appreciated 231% since the end of July on a strengthening gold price and expanding P/NAV multiple as the company has delivered consistently improving operational and financial results. An expanded multiple translates to greater corporate currency. As Avion's currency grows, so too does the likelihood that the company can fulfill its stated goal to consolidate Western African gold production. Conversely, the longer Avion's P/NAV remains below its peers' (i.e., the company is attractively valued), the greater the chance that Avion itself becomes a target for acquisition. . .We maintain our CAD$2.10 target price; a 44% projected 12-month return continues to support our SPECULATIVE BUY 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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