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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: heinz44	2/28/2007 11:45:28 AM
	of 78428

The National Post reports in its Wednesday, Feb. 28, edition that Beijing is trying to slow down its economy, not halt it altogether. The Post's Jonathan Ratner writes that as a result, many observers expect demand for nickel to outstrip supply in the near term. Strong growth forecasts for stainless steel production in China has led Desjardins Securities to raise its average price forecast on the metal to $16 (U.S.) per pound in 2007 and 2008, from $13 (U.S.). Desjardins analyst John Redstone has raised his earnings forecasts and target prices for several stocks. He reiterated his "buy" recommendation on LionOre Mining International. He boosted his target to $22 (Canadian) from $17 (Canadian). He raised his target for Rio Narcea Gold Mines to $5.20 (Canadian) from $3.55 (Canadian). Mr. Redstone also moved his rating on the stock to "buy" from "hold." He also boosted his price target on Sherritt International to $19.15 (Canadian) from $14.05 (Canadian). Nickel prices at the London Metals Exchange have risen significantly so far this year. Mr. Redstone, however, does not think market fundamentals will bring prices back to their historical averages any time soon.

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