NevGold Corp T.NAU

Primary Symbol: V.NAU Alternate Symbol(s): NAUFF

Metals & Mining Industrial Metals & Minerals

NevGold Corp. is a Canada-based exploration and development company targeting large-scale mineral systems in the districts of Nevada and Idaho. The Company owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho. The Limousine Butte Project is located within the Basin and Range physiographic province of east-central Nevada. The deposits of the Limousine Butte Project are Carlin-type deposits, sediment-hosted, with disseminated gold. The Nutmeg property consists of approximately 1,724 hectares and comprises 210 federal unpatented lode mining claims, 12 patented claims, and two leases of private land. Its Cedar Wash project is a high-potential, advanced exploration prospect located in Lincoln County, 75 kilometers southeast of Pioche, on the southern flank of the Clover Mountains. Zeus copper project is approximately 40 kilometers northwest of the Nutmeg Mountain gold project.

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NevGold Corp

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Post by delta_noon Mar 18, 2011 4:03pm

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Post# 18307766

Target price - overvie

ScotiaCapital has had analyst coverage on Northland Power Income Fund (NPI.TO), aSector perform recommendation and target price of CAD 15. Reuters says Scotiahas changed recommendation for a Northland company from Sector Perform andtarget CAD 15 to Sector Outperform and target CAD 16. It’s unknown that Scotiahas had analyst coverage on Northland Resources, and I suppose the Reuters newsshould be valid for Northland Power Income Fund, and not Northland Resources.

ParadigmResearch this week raised the target price for NAU to CAD 5.25 from CAD 4.

Below is anupdate of target price (mostly within 12 months) for NAU from the differentbrokerages according to what I have perceived of updated information.

NOK (CADconverted according to CADNOK 5.70)

41 OceanEquities

36Haywood Securities (CAD 6.30)

30Arctic Securities

30Paradigm Capital (CAD 5.25)

30Pareto Securities

27Enskilda Securities

27 FirstSecurities

26 DnBNor Markets

22Handelsbanken Capital Markets

22 TerraSecurities

18.50RBC Capital Markets (CAD 3.25)

28 Arithmetical average

27 Median

I don’tknow the current target price from the following brokerages:

AmbrianCapital

Öhman

******

Paretoupdate from March 17, 2011:

Withfinancing secured and development underway for the Kaunisvaara project, we viewNorthland Resources as a clear takeover candidate. Within the coming weeks, thecompany will issue important updates on the Hannukainen resources andKaunisvaara logistics, which we believe could contribute to derisk bothprojects further. We recommend to BUY (TP NOK 30)

Twoimportant updates expected over coming weeks

-Updated resource report for Hannukainen

-Kaunisvaara DFS update - logistics

Hannukainenresource expected to increase on higher price assumption

- Couldincrease from 110 Mt last year to 140-160 Mt

Kaunisvaaracash cost expected slightly up, but less than feared

- Highertrucking cost largely offset by other savings

Highvaluation upside

- TargetPrice NOK 30 based on long term price of USD 98/t

-Mark-to-market valuation NOK 98 per share

- Pricealready reflects risk of higher Kaunisvaara trucking costs, while increasedHannukainen resources should be a positive trigger

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