Japan Gold Corp V.JG

Globe says Bell sees Japan Gold trading way higher

[sueron]

I am not saying to buy or sell..

The following is taken fron Stockwatch JG news release.

2021-06-08 04:45 PT - In the News
Shares issued 176,319,050
JG Close 2021-06-08 C$ 0.375

The Globe and Mail reports in its Tuesday, June 8, edition that Hannam & Partners analyst Roger Bell commenced coverage of Japan Gold (37.5 cents) with a $1.20 share target on Monday. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $1. Mr. Bell likes Japan Gold's "methodical" approach to unlocking the country's "golden opportunity." The Globe notes that the Vancouver-based company holds rights to over 30 project areas in Japan. Mr. Bell says in a note: "JG's strategy is to capitalize on its first mover advantage to jointly explore 29 of these assets in an alliance with Barrick Gold, who is solely funding exploration and evaluation costs with the option to earn a 75-per-cent interest in each project by completing a bankable feasibility study. With Japanese base metal smelters hungry for silica rich ore -- negating the need to produce a concentrate -- we expect the economics of a developed project to be best in class amongst global gold producers. We take a probability-weighted approach to our valuation, with three conceptual project scenarios, to derive [our] target price, implying 215-per-cent upside." Mr. Bell did not specify a rating for Japan Gold.

GLTA

Ron