The Globe and Mail reports in its Friday, Dec. 19, edition that Stifel analyst Cole McGill has commenced coverage on Koryx Copper with a "buy" recommendation and a $3.75 share target. The Globe's David Leeder writes in the Eye On Equities column that Mr. McGill is the lone analyst covering the stock. Mr. McGill says in a note: "Koryx Copper is laser focused on advancing the large scale, long life, Haib copper porphyry project in Namibia. Led by a management team with a track record of multiple successful exits, we think the Haib copper project is to benefit from a triple threat of African cost structure, low elevation and clean metallurgy, all traits that set it apart from comparatively scaled projects in the Americas. We foresee development copper assets attracting increased vertical interest as the concentrate market is entering a period of structural deficits over the next five years, where every 50-cent/lb increase in the copper price provides 33-per-cent NAVPS accretion to Koryx, highest amongst our coverage. With shares trading at 0.35 times P/NAV, (peers 0.48 times), the current 12 rig, 55km drilling blitz is set to unlock higher grade tonnes scheduled early in the mine life alongside Au + Mo upside."