The Globe and Mail reports in its Friday, Oct. 11, edition that Stifel analyst Cole McGill has resumed coverage of Arizona Sonoran Copper with a "buy" rating and $4 share target. The Globe's David Leeder writes that analysts on average target the shares at $3.69. Mr. McGill says in a note: "A copper development story well known by the market, we think the recent discovery/integration of the near-surface Mainspring property is a game-changer regarding project scale and scope, which the market may be overlooking. The new look Cactus Cu project, located on private ground, in mining-friendly/U.S. Cu bread basket Arizona now sports a 95-per-cent open pit tonnage PEA, materially lowering the technical complexity and improving the project's capital efficiency. Informed by the global bifurcation/electrification theme, we think scalable, domestic copper cathode assets will have increasing importance into the future, with domestic smelter capacity decreasing 2.5 times and Cu import reliance increasing 37 per cent over the last three decades. We think the combination of brownfield, open pit, conventional leach and multi-decade +80ktpa Cu potential within 150 miles of 3.5 per cent of global Cu production will not be overlooked."