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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (56110)	3/22/2019 11:10:40 AM
From: Goose94	Read Replies (1) of 203268

Anaconda Mining (ANX-T) Beacon Securities analyst Michael Curran commenced coverage of Anaconda Mining with a "buy" rating. Mr. Curran targets the shares at 90 cents. Analysts on average target the shares at $1.40. Mr. Curran bills Anaconda as "the little gold producer you never heard of." He says, \|Anaconda has been generating positive cash flow for nine years from its Point Rousse project in Newfoundland, mining 15-20,000 ounces of gold per annum from open pit mining. He also emphasizes the company's organic growth potential in lower risk jurisdictions for mining, noting: "The company hopes to add a second mining operation, Goldboro in Nova Scotia, which could take company production levels to 60-75,000 ounces per year. Medium-term, the company has a stated target of growing gold production to the 100,000 ounces-per-year level. We consider ANX shares to be undervaluing the potential addition of the Goldboro project to mining operations in the next few years."

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