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Nicholas Campbell, Canaccord Genuity (9/9/11) "We maintain our Speculative Buy recommendation on Colossus Minerals Inc. with a target price of CAD$13.25; recent drill results from the Serra Pelada project extended the high-grade sub-zones of the Central Mineralized zone. . .in our valuation, we have assumed an average grade of 20 g/t gold over the life of the mine; however, the zone of mineralization targeted for initial production has returned average grades of more 35 g/t gold. As Colossus advances Serra Pelada to production over the next 18 months, we expect the shares to reflect a premium valuation given the high-grade, low-cost nature."
Ron Stewart, Dundee Securities (9/8/11) "Colossus Minerals Inc.'s drilling extended and essentially confirmed continuity between the GT and Western zones while recent drilling at the central mineralized zone (CMZ) continues to demonstrate grade and size potential, which would support a lucrative mining operation from which we derive our Buy rating and $13 price target. . .highlight results from today's release included a step-out hole to the southwest which encountered 11.65m at 57.28 g/t gold, 6.58 g/t platinum and 7.66 g/t palladium. . .to test the southwestern extent of the CMZ, the company will drill a fence of 500m step-out holes—should positive results be received from these holes, we believe resource potential for the CMZ could grow significantly."
Nicholas Campbell, Canaccord Genuity (9/9/11) "We maintain our Speculative Buy recommendation on Colossus Minerals Inc. with a target price of CAD$13.25; recent drill results from the Serra Pelada project extended the high-grade sub-zones of the Central Mineralized zone. . .in our valuation, we have assumed an average grade of 20 g/t gold over the life of the mine; however, the zone of mineralization targeted for initial production has returned average grades of more 35 g/t gold. As Colossus advances Serra Pelada to production over the next 18 months, we expect the shares to reflect a premium valuation given the high-grade, low-cost nature."
Ron Stewart, Dundee Securities (9/8/11) "Colossus Minerals Inc.'s drilling extended and essentially confirmed continuity between the GT and Western zones while recent drilling at the central mineralized zone (CMZ) continues to demonstrate grade and size potential, which would support a lucrative mining operation from which we derive our Buy rating and $13 price target. . .highlight results from today's release included a step-out hole to the southwest which encountered 11.65m at 57.28 g/t gold, 6.58 g/t platinum and 7.66 g/t palladium. . .to test the southwestern extent of the CMZ, the company will drill a fence of 500m step-out holes—should positive results be received from these holes, we believe resource potential for the CMZ could grow significantly."
CGR, today weakness may be opportunity to jump in ?
AuRico Gold Raised To Sector Outperform From Sector Perform By CIBC
Celente warned that the global elite will likely stage a “fear and hysteria” false flag terror event to turn attention away from the real criminals, the international bankers.
http://www.infowars.com/gerald-celente-predicts-winter-of-discontent/
Celente warned that the global elite will likely stage a “fear and hysteria” false flag terror event to turn attention away from the real criminals, the international bankers.
http://www.infowars.com/gerald-celente-predicts-winter-of-discontent/
Gold Canyon Intercepts 286 Meters at 1.03 Grams Per Tonne Gold Confirming Northeast Dip of Portage Zone at Springpole Gold Project
Gold Canyon Intercepts 24 Meters at 17.48 Grams Per Tonne Gold at Springpole Gold Project
James Komadina, Chief Executive Officer of ITH, stated: "The release of these positive PEA numbers confirms our long-standing belief that Livengood is truly a world-class deposit representing one of the largest new gold discoveries made in recent times. With sound project economics and tremendous leverage to current commodity prices, the timely development of the Livengood deposit will create significant value for our shareholders and provide well-paying jobs for generations of Alaskans."
Lowtrade, I need to choose between JAG, AUQ and SVM.
What will you choose ? (Technically)
Claude Resources Inc. Intercepts 261.28 Grams of Gold per Tonne Over 3.6 Metres True Width in Newly Discovered L62 Zone at Seabee Gold Operation
XRA is hot, why ?
Alexco Resources intersects 6.04 meters of 31.5 ounces per ton silver
Alexco Resources intersects 6.04 meters of 31.5 ounces per ton silver
Timberline Resources Corporation (TSX-V: TBR.V - News)(AMEX: TLR - News) ("Timberline" or the "Company") announced today that it has signed a non-binding Letter of Intent ("LOI") to sell its wholly-owned contract drilling subsidiary, Timberline Drilling, Inc. ("TDI"), to a private company formed by a group of investors, including certain members of the current senior management team of TDI.
The sale is valued at approximately $13 million, subject to closing
adjustments, and will allow Timberline to:
-- focus on the Company's core business of gold exploration, development,
and production;
-- repay its $5 million convertible debt obligation and, with the
assumption of all TDI debt by the purchaser, become debt-free;
-- retain certain strategic benefits of owning the drilling subsidiary by entering into an agreement with the purchaser to provide future core drilling services to Timberline at below-market prices;
-- accelerate drilling and exploration at its district-scale South Eureka
(Nevada) gold property.
Paul Dircksen, Timberline's President and CEO, commented, "With gold prices exceeding $1,800 per ounce, we believe that the economic potential of our core business is extremely compelling and requires our uncompromised focus. Our advanced exploration at South Eureka entails significant investment as we work to define a major gold deposit, and the sale of TDI will propel us forward in that effort. Furthermore, gold production from the Butte Highlands Joint Venture is expected early next year, rendering cash flow from TDI operations less attractive relative to near-term monetization. We also welcome the opportunity to become a debt-free company. We are very pleased with this agreement and are optimistic that we can successfully close this sale in a timely manner."
The Company entered into the LOI after an extensive process that included in-depth discussions with other potential purchasers and an evaluation of the transaction relative to the current valuations of public companies in the drilling sector. Paradigm Capital of Toronto acted as the Company's financial advisors related to this transaction.
The sale is expected to close on or before November 15, 2011 and is contingent upon the successful execution of a definitive sale agreement with reasonable, customary, and mutually-agreeable conditions and successful due diligence.
The following is a very GUTSY MOVE and would result in a lawsuit if this BMO person were to be wrong:
SILVERCORP METALS (SVM-TSX; SVM-NYSE) ANDREW KAIP, P.GEO.
Brief Research Note
Rating: Outperform
Price: $8.23
Target: $17.50
Title: Proactively Defends Itself Against Short Seller
Impact: Positive
Details & Analysis: Silvercorp announced that it has received an anonymous letter accusing it of a $1.3 billion accounting fraud. The letter was forwarded to SVM late yesterday afternoon by its auditors. The central allegations are that: 1) SVM misrepresented its 2010 calendar year profit of US$66 million, 2) the company’s cash position is grossly overstated, and 3) grades at the Ying mine are “too good to be true.” SVM has denied the allegations and provided supporting documentation on its website to support its position. The press release provides links to Chinese government websites, which demonstrate that the company declared a RMB502 million (~US$73 million) profit over calendar year 2010. SVM provides bank statements from Canadian and Chinese institutions outlining total cash holdings and short-term investments of ~US$221 million. As at the June 30, 2011 quarter end, SVM reported cash and short-term investments of US$230.5 million, with the difference explained through ongoing operating profits offset by the ~$US17 million the company has recently spent repurchasing its own common shares. Current cash on hand exceeds the total amount of equity funding raised by SVM (US$202.5 million) since 2004. Over this timeframe, SVM has paid shareholders ~US$40 million in dividends and has spent US$31 million repurchasing shares. BMO views the company’s proactive approach toward disclosure to repudiate allegations of fraud as a positive step. BMO reiterates SVM’s Outperform rating and views weakness in the share price as a rare buying opportunity.
Still red....Market is afraid.....
23 million shares short !!!! HUGE !!!!
I will buy, If we pass the 50MA on high volume (9,68$)
If we clear the 9,5$-10$, SVM can go back to 14$ (Price Target)
17-18$ by 2012, new price target.
(40$ in 2014)
NXG worth the tag price.
Short term, may suffer a bit...
If I remember well, they produce gold as well, right ?
This is a huge move for AUQ....
The buy NXG at the right time....
This will be above 5B$ Market cap next year.......
Huge, very huge.......
Lowtrade.
Again MDW is ready to go.
Can you double check with the chart and indicator.
The bad news for HDY is that the price of oil will go sub 30$ by the time they find oil :(
I still like it.
But I belive that the real deal is JAG right now.
very very low price with gold at + 1800$.
43000 EUROS/KILOS RIGHT NOW.....
They will need to sell all the gold stock to cover the loss elswhere....
TLR will end up at 0,50$. TOLD YOU !
BIG CRASH IS COMING WORLDWIDE.
AUMN, UXG, NXG
They've all became SILVER POWERHOUSE with recent move.....