Banks Changing Tune?This bodes well for established juniors:
MONTREAL – Canada’s largest banks are setting loose a fresh batch of gold analysts. Their mission: evaluate $100 million to $800 million prospectors.
“I think we have two things happening that might be secular shifts,” geologist and mining executive Quinton Hennigh tells me today (Thursday, in Del Mar, California one day before this Canada Day/Fourth of July weekend).
“One is that the banks, as they look for new underwriting business, are willing to consider small companies that are mostly off investors’ radar screens. The other is that these new analysts are not your traditional CFAs. They are more from the (mining) industry,” says Dr. Hennigh, whose affiliated prospectors include Gold Canyon Resources (TSX: V.GCU, Stock Forum), EurOmax Resources (TSX: V.EOX, Stock Forum) and Evolving Gold (TSX: T.EVG, Stock Forum).
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