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NSGold Corporation is in the “sweet” spot - eResearch
UPFRONT
NSGold Corporation is in the “sweet” spot. Its exploration and development activities are focused on the investment darlings of gold and silver.
Two of the Company’s seven projects - Mooseland (gold) and Dios Padre (silver) - are standouts. Upcoming NI 43-101 resource estimates (Mooseland in Q2/2011 and Dios Padre in Q1/2012) could increase investor interest in NSGold, and provide an impetus for higher stock prices and the achieving of our 12-month Target Price.
If NSGold makes a final decision to develop the Dios Padre property, which is in a highly-visible Mexican mining district, it eventually could garner the Company sufficient attention to become a takeover candidate.
RECOMMENDATION
We are issuing a Speculative Buy rating on NSGold Corporation (“NSGold” or the “Company”) with a Target Price of $0.95 per share. The shares are suitable only for risk-tolerant investors.
The forthcoming resource estimates and further exploration of the Company’s two key projects should be strong catalysts for a higher stock price.
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