The Globe and Mail reports in its Tuesday, March 10, edition that National Bank Financial analyst Rabi Nizami has commenced coverage on Fuerte Metals with an "outperform" ranking and a $15 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $14.50. Mr. Nizami says the Vancouver-based company is "unlocking an orphaned major company asset." Mr. Nizami says in a note: "Fuerte Metals Corporation is focused on bringing on-line the Coffee gold project in Yukon, one of Canada's largest undeveloped gold projects, hosting 3.8 million ounces at 1.15 g/t [grams per tonne], with a large 70,000-hectare exploration package with many drill targets. Recently released from Newmont where it was non-core, the project is now being advanced quickly by a motivated junior with strong institutional and technical backing. Coffee comes with a history of derisking by prior operators who collectively spent over $300-million, drilled 617,000 metres and completed the federal environmental assessment. The project is now at a clear inflection point, with final territorial permits, project financing and a construction decision within reach over the next 12 months."
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