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 >
GMP Initiates Coverage of RVC
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ANDREW MIKITCHOOK, GMP Securities
(01/28/2011)
"Size Potential: Richfield, in our opinion, has significant potential to deliver a multimillion-ounce resource within the next 12 months—with an ultimate potential in excess of 5 Moz. Consistent Drill Intersections: What caught our attention is that drill results since September 2009 have consistently returned 100m–+200m intercepts in the 1 g/t range with some higher-grade areas of 2–3 g/t suggesting starter-pit potential. Location, Location and Infrastructure: Significant infrastructure advantages include road access, 100 km. to grid power, apparent low strip ratio and multiple waste/tailings storage facilities. Our site visit and discussion with management suggest no insurmountable permitting challenges. Near-Term Resource and PEA: 30,800m of drilling was completed to year-end 2010 and will be the basis of an initial resource, which is expected in late February. This is to be followed by a resource update in May and a PEA in September. Valuation: Initiating coverage with a Buy rating and $11.10 target based on our target mineralization of 5.5 Moz. at a valuation of $100/oz. We expect visibility above this mineralization target by year-end 2011, as well as potential to justify stronger dollar-per-ounce valuations as the PEA is delivered." |
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