top pickkgi has been designated a 2010 top pick by wellington, saying it is a "coiled spring".
We reiterate a Strong Buy recommendation and $16.00 per share target. Our
target is based on a 75% weighting of a 1.73x multiple of our estimated 5%
NAVPS of $9.35/share (based on a long-term gold price of US$925/oz and 0.90
US$/C$ FX rate) and a 25% weighting of a 12x multiple of our F2012 CFPS
estimate of $1.30.