Dundee Capital increased Trevali Mining’s (TSX:TV) target price to $2.00/share from $1.80.
“We are reiterating our BUY, TOP PICK, rating but increasing our target price to $2.00/share (from $1.80) based on a 6.0x EV/EBITDA multiple (from 0.9x NAV) to our 2015 EBITDA of $87M ( from $81M).”
Investing in zinc? Zazu Metals Corporation (TSXV:ZAZ) holds a 50% interest in the Lik Project in Alaska, a joint venture with Teck Resources Limited. The PEA on Lik South estimates that 17.1Mt tonnes of ore milled at an average grade of 7.7% zinc, 2.6% lead and 47 g/t silver would come from the Lik South project.
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