The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
XRA: Have Your Met My Ex?
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Canaccord Genuity's Morning Coffee (03/19/2010)
"Late last week, Exeter shareholders voted >99% in favor of spinning out Exeter's Argentine assets into Extorre Gold Mines. Exeter shares began trading ex-distribution on the TSX yesterday and the record date for distribution of Extorre shares to Exeter shareholders will be March 22, 2010. However, Exeter will not trade 'ex-distribution' on the NYSE-AMEX until after March 23, 2010. Shareholders received one share in Extorre for each Exeter share. Extorre began trading on a 'when issued' basis yesterday and will not be initially listed on NYSE-AMEX. Extorre has $25 million in working capital and will be focused on the high-grade Cerro Moro gold-silver project in Argentina, where a new resource estimate is scheduled for April 2010 and a purchase agreement is expected in Q3/10. A couple weeks ago, one Bay Street analyst highlighted that Kinross'(K) 25% interest sale in Cerro Casale to Barrick (ABX) translates to an estimated implied valuation of US$66/oz gold, while Goldcorp (G) paid about US$79/oz gold for a 70% interest in the El Morro copper-gold project. Using those valuations as the range, the analyst stated that Exeter's Caspiche project implies a value of approximately US$1,300–$1,500 million. More or less double Exeter's current market cap. . .and that doesn't even include Exeter's high-grade gold/silver Cerro Moro project in Argentina. . ." |
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