The Globe and Mail reports in its Friday, Jan. 5, edition that BMO Nesbitt Burns analyst Rene Cartier, touting a "large scale opportunity near major miners," commenced coverage on Atex Resources with an "outperform" recommendation and $2 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $2.42. Mr. Cartier says in a note: "Atex, headquartered in Toronto, Ontario, is dedicated to advancing exploration, permitting, and development at the Valeriano copper-gold-silver-molybdenum project in the Huasco province of the Atacama region of northern Chile. Exploration success delivered a significant updated resource, and supports an estimated sizable block caving project located in an attractive jurisdiction in proximity to major miners with large-scale development projects. Atex has opportunities for positive news flow as new project resources and studies are released, financing is secured, and potentially as the project is developed, or sold. In our view, exploration success at Valeriano, and throughout the property, including new trends, will support a sizeable block cave mine in a district of major miners also with large-scale development projects."