The Globe and Mail reports in its Friday, Sept. 8, edition that Eight Capital analyst Felix Shafigullin is sticking with his "buy" recommendation for New Pacific Metals. The Globe's David Leeder writes that Mr. Shafigullin boosted his share target by $1.75 to $6.75. Analysts on average target the shares at $5.56. The Globe says Mr. Shafigullin thinks New Pacific Metals' Carangas project in Bolivia remains a substantial source of value not currently recognized by the market. He calls it "the next big thing" for the Vancouver-based company. Mr. Shafigullin says in a note: "An investor buying New Pacific Metals at the current share price of $3.35 would acquire exposure to the Silver Sand project that we value at $3.27/share while getting exposure to Carangas essentially for free. We therefore view New Pacific Metals as fundamentally undervalued: based on our estimates, investors buying the stock today are getting two large-scale silver projects with total resources of 884 Moz AgEq for the price of one." The Globe reported on April 7 that Mr. Shafigullin started coverage on New Pacific with a "buy" rating and $5 share target. It was then worth $3.78.