NYSEAM:SVLC - Post by User
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Skateron Jan 06, 2012 11:27am
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Post# 19375704
Jennings target @ $5.00
Jennings target @ $5.00 SilverCrest Mines Inc.’s (2.05----%) new La Joya silver-copper-gold discovery is yet another reason the miner is Jennings Capital Inc. analyst Stuart McDougall’s top pick for 2012.
The initial resource estimate for the Durango State, Mexico project far exceeded Mr. McDougall’s tonnage and contained metal expectations. But it fell short on grades. “That said, we do not see this as an issue, given the more recent drill results, stated potential amenability to conventional flotation methods and obvious upside at higher cut-off grades should that become necessary,” he said. “In short, we think the stock continues to trade at a significant discount to its peer group, making it an even more appealing investment opportunity with the new resource estimation.”
Upside: Mr. McDougall reaffirmed his “speculative buy” rating and price target of $5