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 >
GUY: Sulphur Rose Initial Resource Estimate
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BRAD HUMPHREY, Raymond James
(12/31/2010)
"Guyana Goldfields released its initial resource estimate for the Sulphur Rose area on the Aranka property. As far as an initial resource goes, the Sulphur Rose initial resource reporting nearly 0.5 Moz. at a grade of 2.09 g/t is not a bad result. We believe the market had been looking for something between 0.5–1.0 Moz. but at a lower average grade. In our assumptions, we were forecasting roughly 0.75 Moz. at ~1.0 g/t. We are maintaining our Outperform rating and $13.35 target price. Guyana Goldfields is currently trading at a 1.07x P/NAV versus the developer group average, which stands at 1.12x. We recommend investors buy shares of Guyana Goldfields. . .we also view Guyana as a strategic takeover target given its current size, potential and mining-friendly jurisdiction." |
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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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