The Globe and Mail reports in its Thursday edition that Stifel analyst Stephen Soock, touting G2 Goldfields' "high margin ounces with room to grow," is the first analyst to commence coverage on the miner, giving it a "buy" rating and $1.65 share target. The Globe's David Leeder writes in the Eye On Equities column that Mr. Soock says in a note: "Oko Main already hosts a resource of 2.0Moz at 3.09 g/t with drilling since doubling the plunge and the nearby Ghanie discovery adding high quality OP/UG ounces with potential to add more through exploration at depth. We see this supporting production more than 160koz/yr at a site AISC of $876/oz for $150m/yr in FCF driven by the high grade, Guyanese cost structure and good site accessibility. Extensive, small-scale mining surface workings and scout drilling have identified multiple other gold deposits along the major shear structure. G2's Guyana portfolio also has a 'hidden gem' -- the Puruni district, which hosts the historic, ultrahigh grade underground Peters mine and a high grade oxide resource. ... The stock trades at an EV/oz/(g/t) of just $18, well below the exploreco average of $27. Watch for additional deposits emerging along trend and possible M&A action."