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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: ogi who wrote (115377)	5/23/2008 10:53:57 AM
From: TheBusDriver	Read Replies (1) \| Respond to of 313555

Seems like the market is agreeing with you ogi....another new high and up 11%...lot of volatility.....pretty pleased with CPQ right now.... silver looks to be leading gold again too..... Wayne

To: ogi who wrote (115377)	5/23/2008 11:31:03 AM
From: riversides	Read Replies (1) \| Respond to of 313555

canaccord new target,$7.50 Canplats Resources Corp. \| Nicholas Campbell, 1.604.643.7027 CPQ : TSX-V : C$3.95 \| C$222.9M \| Speculative Buy , Target C$7.50 ? • Represa extended - resource potential expanded; raising target price to C$7.50 from C$5.75 and maintaining SPEC BUY rating Event Canplats Resources released an additional 21 RC drill holes from the Represa zone at its Camino Rojo project. Impact Very positive. The RC drilling extended the near-surface mineralization at the Represa zone roughly 200m to the east and 150m to the west-southwest. We find the results to the southwest to be particularly encouraging given that they demonstrate that high-grade mineralization continues beyond the fault that lies on the western edge of the Represa high-grade zone. Drilling in the southwest also intersected the first higher-grade sulphide intervals on the Camino Rojo project, which could have significant implications for project development. The RC drill holes within the Represa high-grade core give us greater confidence in our previous resource estimate, and the extension of the Represa zone to the east and west-southwest significantly expands the resource potential. We have increase our pro forma resource estimate for the Represa zone to 5.4 million gold-equivalent ounces from 3.7 million gold-equivalent ounces previously. Valuation We continue to value Canplats based on an in situ value methodology to the potential goldequivalent resources at the Camino Rojo project. Applying a US$65/oz value to our pro forma resource estimate for the Represa zone and a US$55/oz value for the regional exploration upside potential at Camino Rojo gives us a new target price of C$7.50 per share, up from C$5.75 per share previously. We maintain our SPECULATIVE BUY recommendation on the shares of Canplats Resources.