LIKELIHOOD THAT BRISK GLOBAL ECONOMIC RECOVERY “BLOWS OUR EARNINGS ESTIMATES AWAY” TO THE UPSIDE; DISCUSSION OF POTENTIAL AREAS OF ABOVE-EXPECTATIONS EARNINGS 9/19/2009
MERCATOR MINERALS (MLKKF US$2.55 or ML.TO C$2.73, rated Overweight, Target $10); Increased Earnings Estimates Reflecting Increased Higher Estimated Copper Prices and Latest Stock Offering. 9/19/2009
LOUISIANA-PACIFIC (LPX $7.12, rating lowered from neutral to underweight) SHARE DILUTION, POOR EARNINGS POTENTIAL, AND FUTURE CREDIT RISKS LEAD TO UNDERWEIGHT RATING 9/24/2009
GOLD INDUSTRY – – VISITS TO SIX EMERGING NEVADA COMPANIES 9/17/2009
HIGHLIGHTS OF DENVER GOLD SHOW SEPT 14TH – 16TH EMERGING MINES 9/17/2009
COPPER INDUSTRY – REASONABLE LIKELIHOOD OF SEVERE SHORTAGES IN 2010 AS SECOND-HALF 2009 DEMAND IMPROVES 9/27/2009
COPPER INDUSTRY – – INCREASE TO OUR LONG-TERM NORMAL SCENARIO TO $5.00 COPPER IN 20012-14 AND $3.50 PER LB AFTERWARDS; PRICE TARGETS INCREASED AND OVERWEIGHTS AFFIRMED 9/10/2009
BHP BILLITON (BHP $66.57, rated Overweight and price target raised to $115 from $60 per ADS) BENEFITS FROM PRICE REBOUNDS, COST MODERATIONS, LOWER DISCOUNT RATE AND GOOD FINANCINGS 9/13/2009
BARRICK GOLD (ABX $36.95, Raised to Neutral from Underwt.) RATING RAISED TO NEUTRAL OWING TO HEDGE COVER AND ACCOUNTING RECOGNITION 9/9/2009
COPPER INDUSTRY – – DEMAND GAIN, SCRAP 1+ MMT FALL AND CHILEAN & DRC CONGO OUTPUT FALLS ABSORB NEAR RECORD NEW MINE OUTPUT 10/20/2016