The Globe and Mail reports in its Friday, Nov. 29, edition that Stifel analyst Stephen Soock started coverage on Silver Tiger Metals with a "buy" ranking and 70-cent share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at 95 cents. Mr. Soock says in a note: "We think the market is mispricing permit risk for Silver Tiger. While the company is pushing forward with permitting its low capex, open pit heap, leach gold project, there is also a fully permitted, high-grade underground project in the offing at El Tigre. The value of this derisking optionality is not priced into the Silver Tiger shares. We think it is likely the open pit project will get permitted, providing an avenue to generating cash flow for exploration and development of the multiple high-grade underground ore bodies. The company also has yet to fully demonstrate the value of the exploration potential along the seven kilometre long prospective trend." The Globe reported on May 23 that Eight Capital analyst Felix Shafigullin said, "Now is the time to buy" Silver Tiger Metals. The shares could then be had for 28 cents.
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