Spur Ventures Inc SPVEF

RE:Beacon securities

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In case some can't get the full article.

The Globe and Mail reports in its Thursday, March 29, edition that Beacon Securities analyst Michael Curran says Atlantic Gold ($1.92) has re-rating potential with the successful ramp-up of its Moose River Consolidated open pit gold mine in Nova Scotia. The Globe's David Leeder writes in the Eye On Equities column that Mr. Curran resumed coverage with a "buy" rating and $3.25 share target. Analysts on average target the shares at $2.52. Mr. Curran says in a note: "In our view, Atlantic Gold could garner premium trading multiples among the junior gold producers for successfully delivering a low cost operation at the MRC mine. The recent life-of-mine update, which could expand production from 80-90,000 ounces per year to 200,000-plus ounces per year, should also increase investor interest in the name. We also see the potential for 200,000 ounces per year of low cost production (in a politically stable jurisdiction) as an attractive acquisition target for other producers, particularly established mid-tiers." The Globe reported on Nov. 29, 2017, that Desjardins Securities analyst Raj Ray began coverage of Atlantic Gold with a "buy" rating and $2.25 share target. The shares could then be had for $1.54.