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 >
Haywood Initiates Coverage of ADV
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GEORDIE MARK, Haywood Securities
(11/18/2010)
"We are initiating coverage of Alderon Resource Corp with a 12-month target price of CAD$3.40/share. The 62% projected return justifies a SECTOR OUTPERFORM rating. Alderon has a speculative risk rating due to its exploration-stage nature. Company highlights include embryonic iron-ore resource potential on the Kamistiatusset property in the Labrador Trough. Maiden resource estimate is due in Q111 (target estimate: 400 Mt.¬–500 Mt.) after the completion of a 25,000m drill program in 2010. Company estimates for iron ore resources will range from 600 Mt.–800 Mt. at 28-32% Fe given the additional 5,000m winter drilling program starting January 2011. Kami Property is strategically placed in the Labrador Trough to make full use of its location near four operating mines and the townships of Fermont, Labrador City and Wabush. Proximity to Scully Mine, Mont-Wight Mine and Bloom Lake Mine presents obvious operational synergy potential, as well as multiple options to link to nearby rail for transport to existing ports. . .Our estimated exploitable resources of 300 Mt. is considered to be conservative relative to company targets but is still considered ample for a large-scale operation (~8 Mt./yr.) for a protracted period. Iron ore grades and metallurgical results are indicative of attractive mass-recovery potential, which could aid OPEX." |
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More Experts
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