Brokerage House Forecasts Kiska to Double in Price

Posted by Union Securities on Kiska Metals Corp

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Kiska Metals
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.

… the 19 page report HERE

Kiska Metals

Kiska metals weekly chart


… the 19 page report HERE