Wendell Zerb, Canaccord Genuity (5/31/11) "Kimber Resources has released new deep-drill results from zones associated with the Carmen deposit at its 100%-owned Monterde project in Mexico. We believe KBR remains undervalued based on current fundamentals, and with the new successes of the deep drill program we reiterate our Speculative Buy rating. . . .mineralization at Monterde is associated with a massive-sulphide breccia zone, which is considered a new style of mineralization; in our opinion, this opens up the potential for high-grade mineralization at depth at Carmen."
Wendell Zerb, Canaccord Genuity (4/21/11) "We have increased our peak Au and Ag assumption to USD$1,600/oz. Au from USD$1,500/oz. Au and USD$47.5/oz. Ag from USD$30/oz. Ag, and the overall effect is positive to our valuation of Kimber Resources: We are maintaining our current Speculative Buy recommendation while increasing our 12-month target to CAD$3.15 (was CAD$2.65). . .the company expects to advance development and economic studies at the Monterde deposits, including the completion of a prefeasibility study, which is being targeted for September/October 2011."
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