A Mining Stock Set to Double?
The Whistler Project – A new porphyry district:
- Currently Kiska has a 5.8 million oz gold equivalent resource at the Whistler Project. A resource update at Whistler is expected in November; we estimate that itwill grow to 7.9 million oz gold equivalent in the short‐term. Given the recent discoveries on the property, we believe there is strong potential opportunity for Kiska to significantly increase its resource inventory at Whistler over the next 12 to 24 months.
- Infrastructure projects could benefit Whistler’s development: At present, there are two proposed power generation projects close to the Whistler Project. Furthermore, the development of an LNG terminal on the coast of Cook Inlet and a gas pipeline through the Whistler Project is currently being reviewed. Should any of these developments attain approval it could potentially benefit the development of any future operations
at Whistler. - Key Catalysts and Risks: The near‐term catalyst for Kiska will be the completion of the updated resource estimate for the Whistler Deposit which is expected in November 2010. The key risk in the short‐term is exploration risk.
- We are initiating coverage of Kiska Metals Corporation with a target price of $2.30 and a Speculative Buy rating.
…..read the 19 page report HERE
…..read the 19 page report HERE