Spur Ventures Inc SPVEF

Metals & Mining Industrial Metals & Minerals

"Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada."

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Spur Ventures Inc > More fallout from Q&A conference call on Tuesday Jan 30

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Post by Quailmanon Feb 01, 2018 12:22pm

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Post# 27480569

More fallout from Q&A conference call on Tuesday Jan 30

BMO Capital increased its target price to $2.40 from $2.20 while keeping an outperform view.

BMO said Atlantic Gold is progressing from a developer to ~87,000oz/yr producer with expansion upside to 200-300,000oz/yr from additional zones by 2022. The broker believes Atlantic could re-rate to higher multiples in line with producing peers. Visibility on developing satellites will be one of the keys for market perception of Atlantic.

Not as good as National and their $2.80 estimate, but I'll take it.

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