Analyst Coverage

Red Cloud Securities

Derek Macpherson
VP, Research

research@redcloudsecurities.com

Rating: Buy
Target: C$3.25

Cormark Securities Inc.

Tyron Breytenbach, P. Geo
Director, Equity Research, Mining

tbreytenbach@cormark.com

Rating: Speculative Buy
Target: C$4.00

PI Financial

Philip Ker, P. Geo, MBA
Precious Metals Analyst

Rating: Buy
Target: C$2.50

Haywood Securities

Mick Carew
Research Analyst, Mining

Rating: Buy
Target: C$3.50