Dundee maintains Buy Rating with a new 12 month target of $5.40 (prev. $5.20)
- expect additional drilling NE and along strike of L13 zone and elsewhere could lead to more discoveries.
Big Picture Reminds of Red Lake
The zones share similarities but beleive there is enough variation (dimensions, minerology, host rocks etc) to diferentiate.
Compares the main structutral corridors - direction of the shears (conjucate fault) sets to the new high grade discoveries - controlled by NE-SW - similair to G. The original San Antonio deposit was controlled by NW-SE structure.
They beleive this simple observation bodes well for furture exploration and expect additional minerlization to be localized along other shears- NE-SW structures
No mention of bought deal - actually O/S shares still shows 275 mil.
