TSXV:AZC.P - Post by User
Post by
deismanon Sep 15, 2013 12:16am
208 Views
Post# 21741016
TD Target $5.00 (up from C$4.25/share)
TD Target $5.00 (up from C$4.25/share)
TD Target $5.00 (up from C$4.25/share)
From their report:
We believe that the project is nearing the end of a lengthy permitting process
that commenced with filing a Plan of Operations in July 2007. A Record of
Decision and the Final Environmental Impact Statement are expected in the
next few weeks with a Clean Water Act Section 404 permit to follow shortly
thereafter, which would allow the company to commence construction.
With project financing outlined, we believe that the completion of permitting
(which may have been perceived by the market to be the only serious risk
associated with the company) could be a major catalyst that would spur a rerating
of the company’s shares and perhaps compel takeover interest.
Also from their Sept 13/13 Metals and Minerals action notes
"Among the developers, we favour Augusta Resource. We believe that the company is on the cusp of completing the much maligned and frequently delayed permitting process for its world-class Rosemont copper mine, and that with this milestone completed in Q4/13 and a recent mandate letter to finalize project financing in Q2/14, a strong re-rate is possible over the short term."
Lets hope they know what they are talking about.