The Globe and Mail reports in its Thursday, May 2, edition that Desjardins's John Sclodnick rates Nevada King Gold "buy" in new coverage, with a $1 share target. The Globe's David Leeder writes that analysts on average target the shares at 83 cents. Mr. Sclodnick is confident in Nevada King Gold's ability to demonstrate its Atlanta project possesses high margins and a "relatively modest" initial capex requirement, resulting in a "strong" internal rate of return. Mr. Sclodnick notes that the company's "aggressive drill program reveals consistently high-grade intercepts over impressive widths in oxide material." Mr. Sclodnick says in a note: "Its Atlanta project has a very high-grade resource, which we estimate is double the grade of recently acquired Nevada-based projects -- making Nevada King a strong takeout candidate. And given it is oxide material, we believe that the material will be processed via heap leach with a small mill for the high grade, leading to a relatively low-capex and very financeable project, particularly with the ability to stream the silver production. Once operating, we see a high-margin project, capable of generating $90-million in annual FCF, which could be a foundational asset for Nevada King."