TSX:SUE.WT - Post by User
Comment by
jackylon Feb 03, 2011 4:43pm
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Post# 18071811
RE: RE: I need help with the Steve Parsons intervi
RE: RE: I need help with the Steve Parsons interviSteve Parsons, Wellington West Capital Markets(01/10/11) "Hallmarks of a company-maker emerged in 2010. . .to solidify in 2011. The combined effect of a resource update, feasibility and 70,000m drilling should ensconce Shahuindo as a tier-1 development asset that drives rerating. Target +2 Moz. oxide resource; upward grade bias a game-changer. Drilling keeps adding ounces in main corridor. Importantly, PQ drilling reveals potential for materially higher grades—strategic significance to swell. Shahuindo fits the bill for emerging, and likely to be enduring, thesis. With a burgeoning mid-tier producer space and building cash balances, M&A to intensify; mid-sized, low-capex intensity projects apt to benefit. Reiterating $3.90 target and Buy rating. Upside potential to +$5.50/sh.; target based on weighted average of 1.2x (unchanged) our NAV8% of $2.74/sh and 1.0x forward-curve NAV8%." |