RE:Here are some recent Integra Gold Corp. analyst reportsstockmaster,
Thanks for posting. Some observations:
- Mackie is a bit conservative on this increased target from 0.70 to 0.80. It's behind since ICG SP already exceeded the old target a few days before the report publication. By inching up to 0.80 Barry Allan merely accounted for the 15% increase in resource estimate (already happened), i.e. the potential from latest results released today has not been factored in. Perhaps he could revise it based on the new drill results and issue another increase, at least to 0.90 (+12%) or even 1.00 (+25%) to be consistent with Macquarie's target price of 1.00 (upside potential 2.25, 3 June 2016 which is a extensive research report worth reading)
- This recommendation of 0.80 was based on a simple scale up due to a resource estimate increase of 15% (a 1 page report based on a 31 May prediction) compared to a more extensive report Barry Allan wrote ER (6 June 2016), where he has a target of 1.25 for ER. This is a very comprehensive report which is equivalent to the 3 June report for ICG (will supply a direct link when I have a chance).
Look at what's happening to ER (our 10% strategic investment) today, up 14% on Volume of 5.15Ms with quite a few large blocks of ~500k. Any speculation on this huge activity?
GH