Etango Dances with Success

MIKE KOZAK, Cormark Securities Inc. (01/10/2011)
"We are increasing our target price on Bannerman from CAD$0.65 to CAD$0.75 and maintaining our Market Perform recommendation. In our DCF-based NAVPS, we are increasing CAPEX and operating cost estimates at Etango slightly, which, along with our CAD$/US$ FX rate adjustment, serve to curtail the increase in our target price. . .Etango is a robustly economic project at our LT price deck of $75/lb U3O8."

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