Great publicity for GGDThe Globe and Mail reports in its Wednesday, Sept. 22, edition that PI Financial analyst Phil Ker is holding firm on his "buy" recommendation for GoGold Resources. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ker also continues to call GoGold his "top pick" for 2021. Mr. Ker boosted his share target by 60 cents to $4.75. Analysts on average target the shares at $3.99. Mr. Ker expects GoGold will release a maiden resource estimate for its Los Ricos North project in Mexico in the coming weeks. He says in a note: "Exploration success at Los Ricos North (LRN) has established multiple zones of mineralization across the property. Based on our new assumptions, we are now modelling an operating scenario underpinned by 125Moz AgEq of in-situ reserves. Under our DCF analysis, we see NAV accretion versus our previous valuation which utilized applied EV/oz metrics on an assumed property wide resource." The Globe reported on Dec. 10, that BMO analyst Ryan Thompson said the shares had legs. He rated them "outperform." The shares were then worth $1.66. The Globe reported on Jan. 6 that Echelon analyst Gabriel Gonzalez began coverage with a "speculative buy" call. The shares were then worth $2.63.
Seekingalpha has the resource over 150M oz AgEq. I think it could be more than that as the targets are growing every week. As Brad has stated, these are only 10 of over 100 targets in LRN, and LRS isn't fully delineated yet. Silver is gaining traction as we move to greater electrification. Only a matter of time before the priceof silver catches up to demand. Traders still profitting but investors will ultimately win. GLTA