David PescodBEAR CREEK MINING (V-BCM) $7.55 -0.06
Canaccord mining analyst Graeme Currie has had to
do something analysts only dream of doing…….putting
his target price “under-review”, as the stock has moved
up and hit his target! In a note today he writes, “We
anticipate that over the next two to six weeks, a series
of results maybe available from both Corani and Santa
Ana.”
He is looking for additional drilling assays on Corani,
but more importantly he is expecting resources could
see a significant bump to exceed potentially 350 million
ounces of silver or a 40% (or better).
Meanwhile, Metallurgical results are also expected.
As far as what to expect Currie writes, “In order to verify
the bulk-tonnage silver model for this prospect we will
be looking for results to demonstrate a zone thickness
of more than 25 metres with grades averaging close to
3.0 oz Ag/t (95.0 g/t) or greater.”