The Conversation (0)
David Sadowski of Raymond James Ltd. published, “Results, New Targets Underline Angilak’s District-scale Potential” today, maintaining a C$0.30 target price on Kivalliq Energy (TSXV:KIV). The report highlights Kivalliq’s Angilak project in Nunavut.
As quoted in the report:
Though Kivalliq remains primarily focused on the Genesis claims northeast of the Athabasca Basin, success at the targets underlines the company’s ability to drive value with a low cost program at the flagship Angilak project, as well as corroborates our view that the property will eventually host district-scale levels of high-grade (>0.5% U3O8) uranium.
… We are maintaining our C$0.30 target price, which is based on a US$1.5/lb multiple applied to the existing 43-101 resources of 43.3 Mlbs grading 0.69% U3O8 at Angilak, but highlight the considerable exploration potential at both Angilak and Genesis.
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