GMP Securities Raises Target on ANV

CRAIG WEST, GMP Securities LP. (03/02/2011)
"Important near-term catalysts ahead: ANV indicated that a new resource estimate and updated scoping study for Hycroft would be released within the next few weeks. We see this as a potential positive catalyst for the stock; with positive drill results announced over the past year, a meaningful resource increase is possible and the updated study is expected to provide better clarity on processing options for the project, incorporating on-site oxidation (release of details could be an important derisking event). . .Valuation: Target increases to CAD$37, maintain BUY."

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