The Globe and Mail reports in its Tuesday, Feb. 5, edition that Canaccord Genuity analyst Kevin MacKenzie commenced coverage of Great Bear Resources with a "speculative buy" rating. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacKenzie is currently the lone analyst covering the stock. He set a share target of $4.75. Mr. MacKenzie says in a note: "While it still early days, we highlight the project's comparable structural-geological setting, style of mineralization, and developing grade profile to that of many of the more established deposits within the camp. While not definitive, we view these comparable elements as fundamental precursors for a potentially substantial discovery within the Red Lake camp. Given the established milling capacity within the Red Lake camp (4,900 tpd), we highlight Dixie as a potential future acquisition target in terms of a near-surface, high-grade feed source. While Dixie remains an emerging discovery, the associated potential synergies to multiple operators within the camp significantly de-risks the project's development threshold, in our view. We highlight Great Bear as a prospective investment for risk-tolerant investors."