NYSEAM:SVLC - Post by User
Post by
veteran98on Jan 06, 2012 2:58pm
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Post# 19376848
Globe says SilverCrest seen trading at a discount
Globe says SilverCrest seen trading at a discount
Globe says SilverCrest seen trading at a discount
2012-01-06 03:10 MT - In the News
The Globe and Mail reports in its Friday, Jan. 6, edition that Jennings Capital analyst Stuart McDougall sees good value in SilverCrest Mines ($2.05). The Globe's Jody White writes in the Eye On Equities column that Mr. McDougall says SilverCrest Mines' new La Joya silver-copper-gold discovery is yet another reason the miner is his top pick for 2012. The initial resource estimate for the Durango, Mexico, project far exceeded Mr. McDougall's tonnage and contained metal expectations. However, 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. ... 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." Mr. McDougall is sticking with his "speculative buy" rating and price target of $5. Canaccord Genuity analyst Nicholas Campbell maintained his "speculative buy" rating on SilverCrest Mines in the Eye column on Nov. 16, when the stock could be had for $1.83.