Movers and SHAKERS
Allegiant Gold Ltd (AUXXF)
Fashioning Nevada's Eastside Project Into A Multi-Million Ounce Gold Resource
Allegiant Gold Ltd is a gold exploration company. Its project profile consists of Bolo, Browns Canyon, Clara Moro, Four Metals, Monitor Hills, Red Hills, Silver Dome, West Goldfield, White Horse Flats, Mogollon, Eastside, Dutch Flat, and others.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Initiating coverage. We are initiating coverage of Allegiant Gold Ltd. Allegiant is a mid-stage gold exploration company with projects in Nevada and the Southwest United States and controls 10 projects, 7 of which are in Nevada. Management has focused its attention and resources toward advancing its flagship Eastside gold project in Nevada, while optioning other projects in its portfolio to third-party exploration companies in exchange for cash and/or share payments, work program requirements, and a retained interest in each project.
The Eastside project represents significant upside for investors. The Eastside project provides a unique opportunity to explore and develop an emerging district-scale gold opportunity in multiple target areas. Eastside has inferred mineral resources of 996 thousand gold ounces and 7.8 million silver ounces with significant expansion potential. In September 2020, the company commenced a 15-thousand ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.