Jennings Capital Raises MFL Rating to Buy

STUART MCDOUGALL, Jennings Capital Inc. (03/02/2011)
"In our view, Minefinders has turned the corner at Dolores, warranting an upgrade in our recommendation to BUY from SPECULATIVE BUY. Our 12-month target remains unchanged, but is now based solely on a 1.25x multiple to our unadjusted NAV of US$13.60/fd share, plus cash and options/warrants at par."

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