The Globe and Mail reports in its Tuesday, March 3, edition that Stifel analyst Cole McGill sees the "risk/reward slanted to the upside for junior precious metal producers via I) deleveraging, ii) financing/constructing meaningful growth projects with competitive capital intensities and strong internal rate of return and iii) mine life extension opportunities." The Globe's David Leeder writes in the Eye On Equities column that Mr. McGill recommends Axo Copper, which he rates "buy," with a $2 share target. Mr. McGill says in a note: "Axo Copper's San Antonio Project [Sonora, MX] represents a capital efficient, quick to cash flow vehicle capable of catapulting Axo Copper to producer status (40kozpa at less than $1,450/oz AISC) as early as 2028. We see the higher grade, lower strip, low capital intensity (less than $1,300/oz pa) oxide resource able to largely organically fund the scalable sulphide resource, with a pathway to more than 100kozpa [thousand ounces per annum], where comparable growth profiles traditionally trade 0.50 times P/NAV (Axo current 0.29 times). Key risks include receipt of federal environmental permit."