Colt Resources Inc. (TSX-V: GTP)
Zacks SCR Research releases an update on Colt Resources Inc. (TSX-V: GTP) (OTC: COLTF):
The report by CFA Steven Ralston includes the expected Preliminary Economic Analysis for the Boa Fé gold project in the second quarter. It also updates investors on Tabuaco, Santo António, and Borba along with other updates about Colt Resources. In the final paragraph – quoted below – they reaffirm their “outperform rating” and update their target:
We reaffirm our Outperform rating. Our price target is $2.10, which is based on an estimated share value of attributable resources indicated by Colt’s NI 43-101-compliant mineral resource estimates and utilizes the current prices of gold and tungsten. We consider our valuation model to be conservative in that it also includes prospective developmental costs at Boa Fé and Tabuaço.
Colt Resources Inc. (TSX-V: GTP)
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