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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (39208)11/12/2012 10:51:19 PM
From: architect*  Read Replies (3) | Respond to of 48092
 
Canaccord Genuity recently initiated coverage on Brigus Gold (NYSE: BRD) with a Buy rating and a $2.10 price target.

Canaccord Genuity noted, "On a NAV basis, the shares trade at a multiple of only 0.43x our 5%/diluted NAV @ spot gold versus the junior producer average of 0.71x. Expansion of Black Fox underground, and development of Grey Fox justify likely mill expansion from 2,200 tpd to 3,500 tpd. The shares offer superior leverage to the gold price; approximately 30% leverage for a 10% change in the gold price."

Does anybody have a link to BRD report from Canaccord Genuity?