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 >
KSK: Raintree West Impresses
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BART JAWORSKI, Raymond James
(12/02/2010)
"Yesterday before market, KSK released assays from nine holes (three at Raintree West, one at Island Mountain, and five at the Whistler deposit) at its 100%‐interest Whistler Property, Alaska. We continue to recommend buying KSK on strong exploration upside at Whistler, Alaska. Raintree West Impresses. Hole WH10‐24 cut 83m grading 2.54 g/t AuEq (1.2 g/t Au, 11.8 g/t Ag, 1.08% Zn and 0.53% Pb) within a wider 299m zone grading 1.11 g/t AuEq, beginning at only 5m depth. This interval is an improvement on previous hole 09‐02, drilled 100m to the west, which cut 97.2m grading 0.61 g/t Au within a broader low-grade zone. We also note that grades are stronger than average grades at Whistler (0.68 g/t Au). We are maintaining our OUTPERFORM rating and $1.90 target. Our target is based on a blended average (40%, 60%) of: (i) a 0.30x P/NAV and our unfunded NAVPS (5%) of C$3.97 and (ii) a US$30/oz. and KSK's 5.75 Moz. AuEq resource." |
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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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