GREY:CGOOF - Post by User
Post by
barsaxon Apr 07, 2011 8:54pm
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Post# 18402226
TD Maintains $13 Target
TD Maintains $13 TargetContinental Gold Ltd.
(C$) CNL T $13.00
We generate our target price by applying a 1.3x target multiple to our fully financed corporate NAV5% calculated at a gold price of
US$1000/oz. We use a premium multiple to reflect the high-grade nature of mineralization and the strong exploration upside potential we
see in the company’s flagship Buriticá project.
Source: TD
Our Top Picks – Among producers, we prefer Goldcorp, IAMGOLD andEldorado, and among developers, we prefer Canaco Resources, Rubicon Minerals,
Extorre Gold and Continental Gold.