The Globe and Mail reports in its Friday, Dec. 9, edition that Desjardins Securities analyst John Sclodnick and Jonathan Egilo expect gold to regain investor interest, pointing to its "tendency to outperform other asset classes in either of these environments." The Globe's David Leeder writes in the Eye On Equities column that Mr. Sclodnick and Mr. Egilo have reaffirmed their "buy" recommendation and $1.20 share target for Atex Resources. Analysts on average target the shares at $1.47. The analysts say in a note: "We are excited for the initial results of Atex's Phase III drill program. Thus far, the high-grade 1-per-cent Cueq core of Valeriano has been intercepted twice, with intercepts of 272m and 550m, spaced 250m apart. While Valeriano's footprint has already proven to be massive (we calculate nearly 1b tonnes in scale), our focus (and we believe that of the market) lies completely with expanding the high-grade core. Based on the first two holes, we estimate 80Mt of 1-per-cent Cueq material has been defined. We anticipate that 200Mt would need to be defined to justify Valeriano as a standalone project. ... We believe that as this scenario is proven out, the stock could begin to rerate closer to our NAV."