Orko Silver Corp fka OK

[silver100]

Orko Silver "buy," target price raised

Wednesday, January 16, 2008 10:45:02 AM ET
Research Capital

NEW YORK, January 16 (newratings.com) - Analysts at Research Capital maintain their "buy" rating on Orko Silver Corp (ticker: OG3). The 12-month target price has been raised from C$2.30 to C$2.65.

In a research note published this morning, the analysts mention that the recent drill results from the La Preciosa mine point towards a thinning of the zone to the northeast and continuation of the 6-15 metre zones towards the southeast. The silver resource at La Preciosa is in the initial stages of definition and the company would continue expansion of the resource to the southeast, the analysts say. The upward revision in the target price reflects the revision in the estimates for gold and silver prices, Research Capital adds.

http://www.newratings.com/analyst_news/article_1681311.html