Reply to SH poster, shakeman. Post here for info. One report has a traget price of $4.00 which is much higher than Hocking's target in his last report, and much much higher than what Rosehill posted (a good sense of humour he has). Let's see, $4.00/$0.25 = 16. Wow, what a jump.LOL!

goldhunter

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shakerman,
Many thanks fro posting the 3 analyst reports.
https://cdn.anonfiles.com/1404771419129.pdf

Had a speed reading.

Brief summary (and some comments):
Positive in general, more data required to support the 600m extension estimate, but Raymond James is not willing to write it off the 600m extension resource. This resource of 0.43Moz is above the economic threshold for an UG at 3gpt COG. News of the wedge deal and PEA would be positive. (Note: Goldex is making money with grade around 2gpt).

1. Euro Pacific: Rating: Spec Buy; Target: $4.00/s; East Limb good results would be welcoming news. This target is much much higher Scotia Hocking's target price in his last report (he must be joking, or way off with his assumptions). Have not seen his report following the in-fill results.

2. Raymond James: Rating: Outperform 2; Target: n/a; see above for remarks.

3. BMO Flash: Rating: Market Perform (S); Target: n/a

goldhunter