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 >
FAU: Revival of a High‐Grade Gold Mine
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MICHAEL FOWLER, Loewen, Ondaatje, McCutcheon Limited
(02/08/2011)
"Fire River Gold is fully permitted, financed and has built a strong technical team for the operation of the Nixon Fork gold mine and mill located in central Alaska. The mine is expected to commence production by mid‐2011 to produce >50 Koz./year and generate estimated annual cash flow of ~$36M by 2012. Significant resource growth potential and exploration blue sky. Upon completion of a 28,000m active mine‐site exploration program, we expect the company to increase its potentially mineable gold resources. In addition, we expect it to pursue several known exploration targets within the property providing exploration blue sky and potential for additional mill feed. . .Fire River is expected to release a preliminary economic assessment of the Nixon Fork project in the next few weeks confirming the project economics. Given the advanced stage, reduced permitting and financing risk and resource expansion potential for the Nixon Fork project, we have applied a 1.0x multiple to our NPV arriving at a value of $94M ($1.20/share). . .Adding the company's current cash position of ~$14M, we arrive at our target price of $1.40/share." |
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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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