eResearch | In this short video, Peter Clausi of InvestorIntel interviews Chris Thompson about eResearch Initiating Coverage on Renforth Resources.
Renforth Resources (CSE:RFR | OTC:RFHRF | FSE:9RR) is a Canadian-focused mineral exploration company with a portfolio of four gold and battery metal projects within the Abitibi Greenstone Belt, a world-class mining region, with three projects in Quebec (Parbec, Surimeau, and Malartic West), and the Nixon-Bartleman property in Ontario.
The Company’s Parbec Gold Project is a near-surface, NI 43-101 resource of 282,800 gold ounces at 1.77 g/t, located on Cadillac Break, and adjacent to the Canadian Malartic Mine in Quebec. Results from the completed 15,569-metre drill program should fuel a planned resource restatement during the summer.
With a recent financing and asset sale, Renforth has $6.3 million in cash and securities and no debt so is fully funded for exploration in 2021.
eResearch Initiated Coverage on Renforth with a Speculative Buy rating and a one-year price target of C$0.25/share.
You can download the full 29-page report by clicking here: eR-Renforth-RFR-IR-2021-04-28_FINAL
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