RE:Projections Are DroppingI don't put a lot of faith in these analysts. CIBC analysts Allison Carson who you are referring too has a 0 out of 12 successful ratings.
BMO Brian Quast still is maintaining our outpreform rating.
I'm not worried about this, what mining companies have gone from JV to a producing mine without having sum issues. I still think we will get a very good return on our investment.
It's not stopping me from buying more shares.
Bottom Line: | | | Ascot has provided an update on construction for the Premier Gold Project in British Columbia. The company has faced some challenges primarily related to the completion of the earthworks. As of September 30, $245M had been spent on the project. Ascot has raised the estimated project capex to $334M (up $24M) and is currently evaluating further financing options. We continue to see upside in the project but with the increased capital and potential financing concerns we have lowered our target price to C$1.00 (from C$1.25). We maintain our Outperform rating. | | | |