Question...open for discussionCanaccord Adams have change their target 3 times since Nov/06, up & up & away.... However when reading the last sentence, west of PG, wouldn't that indicate GEA and not CYP (as CYP is more South West of PG) ???
Premier Gold Mines "speculative buy," target price raised
Wednesday, April 04, 2007 12:30:39 PM ET
Canaccord Adams
NEW YORK, April 4 (newratings.com) - Analyst Graeme Currie of Canaccord Adams maintains his "speculative buy" rating on Premier Gold Mines Ltd (ticker: P2O). The target price has been raised from C$2 to C$3.
In a research note published this morning, the analyst mentions that the company has completed drilling 10,000 metres of the Red Lake, which was intended to test the Rahill- Bonanza zones to the West and Southwest. Premier Gold Mines has indicated that the drilling of the remaining 25,000 metres of the lake would resume shortly, Canaccord Adams says. There is substantial potential for extension to the west of the lake, the analyst adds.