DesjardinsThe Desjardins Takeaway
Wolfden announced a global resource of 15.6mt of base metal mineralization. Within that resource, at conservative metal prices and using a reasonable cut-off grade, the resource tonnage would stand at 13.6mt. We believe that High Lake is economic and could come into production in the 2007--08 period. More drilling at High Lake should be positive for the stock this year. We maintain our Buy--Speculative rating and $8.70 target price.......rabii...