High River Gold Mines Ltd HRIVF

RE: Interesting Coincidence

[jwg27]

i am posting the analysis referenced by NaturalCurrency found in The Gold Report:'Expert AnalysisNikolay Sosnovskiy, VTB Capital (8/16/11) "High River Gold Mines Ltd. published Q211 financials that indicate that the company is well on track to meeting our FY11 expectations. . .revenues for Q211 grew 14% quarter over quarter (QOQ) to US$144M (up 30% year over year (YOY)) on the back of a 9% QOQ increase in the gold price and 5% QOQ higher output. EBITDA rose to US$73M (up 12% QOQ and 23% YOY, respectively). . .net income amounted to US$47M, up 2% QOQ (21% YOY). . .on the operational side, the company reported total Q211 gold output of 96.1 Koz. (up 5% QOQ and 11% YOY). . .with the company trading at FY11 EV/EBITDA of just 2.9x versus 6.9x for international peers, the name definitely looks cheap; therefore, we are reiterating our Buy recommendation for High River."Ilya Klenin, Olma Investment Group (8/16/11) "Last night High River Gold Mines Ltd. released its Q211 financial and operational results. . .total gold production increased 5% quarter over quarter to 96.1 Koz. compared to 91.8 Koz. produced in Q111. . .the company's development project at Bissa has advanced to the stage of engaging engineering, procurement and construction management contractor as well as the ball mills supplier. The mine is expected to commence production by the end of 2012. . .our new target price for High River Gold shares is $1.69/share and our recommendation is Buy." ' regards-jg