Galway Resources Ltd V.GWY

GWY - Raymond James Coverage

[nor_easter]

Full report (Jan. 26) Link: https://www.andrewjohns.ca/sites/default/files/GWY_20120126%20GWY%20Initiating%20Coverage%20Galway%20Resources%20Ltd.pdf (34 pages)

Update (Feb. 23) Link: https://www.andrewjohns.ca/sites/default/files/u17/Mining_20120223%20Mining%20Sector%20Catalysts%2C%20Milestones%2C%20Newsflow%20%26%20Top%20Picks.pdf

Galway Resources – Galway is expected to release the initial N.I. 43-101 Resource Estimate for the California gold property, adjacent to AUX Canada’s La Bodega and La Mascota deposits in Colombia. Additionally, the company has commenced drilling on the Vetas property testing a coincident geochemical and geophysical anomaly adjacent to their neighbour CB Gold’s (CBJ-TSXV) recent discovery. Drill results are expected in the near-term.

[oakarbor]

On that very same day Ray James put a strong buy on Batero with a $3.60 target.Hey I'm long Galway and I hope Ray has not got Galway as wrong as they did Batero....best, Mike

[Red5Luke]

Those are good reports and really detail their estimated reserves for GWY's California site.  They even say they are estimating conservatively compared to similar sites so the $2.50 share price estimate could easily be way under the actual range we'll shoot up to. Attractive Valuation. Galway is currently trading at $150 per oz. of our estimated gold inventory of the California