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THOMPSON CREEK METALS (TC $2.46, rated NEUTRAL; price target REMAINS at $8/share) ADDITIONAL ROYAL GOLD FINANCING HURTS ESTIMATED EARNINGS; WEAKER ESTIMATED 2012 and 2013 PRODUCTION ESTIMATES FOR ENDAKO; HIGHER OPERATING CASH COSTS for 2012 and 2013  8/17/2012

PRETIUM RESOURCES (PVG $14.81, rated Overweight with $37 up from $32 price target) COMMENTS FROM BRUCEJACK SITE VISIT AUGUST 14TH ; PRICE TARGET RAISED AS WE INCORPORATED HALF OF THE APRIL 3RD SNOWDEN RESOURCE MODEL UPGRADE INTO OUR NPV ANALYSIS …

PRETIUM RESOURCES (PVG $14.81, rated Overweight with $37 up from $32 price target) COMMENTS FROM BRUCEJACK SITE VISIT AUGUST 14TH ; PRICE TARGET RAISED AS WE INCORPORATED HALF OF THE APRIL 3RD SNOWDEN RESOURCE MODEL UPGRADE INTO OUR NPV ANALYSIS GIVEN GOOD DATA 8/17/2012 Read more »

AUGUST WOOD AND STEEL SCRAP PRICE RISES BULLISH; CAP EX AND CEO’s FALLING AFTER SELLING PRICES AND EARNINGS 8/24/2012

UPDATED CAPITAL EXPENDITURE ESTIMATES FOR THE BIG SIX MINERS PLUS GLENCORE (GLCNF; $5.72) AND FORTESCUE (FSUMF; $4.38) 8/23/2012

ROYAL GOLD ($84.44 rated Underweight down from Neutral with $53 down from $56 price target) POSITIVE IMPACT OF ADDITIONAL 12.25% INTEREST IN THOMPSON CREEK’S MT. MILLIGAN GOLD STREAM MORE THAN OFFSET BY HIGHER DISCOUNT RATE 8/24/2012

FRANCO NEVADA (FNV $48.94 rated Underweight with price target decreased to $30 from $36) $1 BILLION INVESTMENT IN INMET’S COBRE PANAMA PROJECT LEADS TO OUR DISCOUNT RATE INCREASE TO 7.5% FROM 6.5%; EXPOSES FNV TO POLITICAL RISK IN PANAMA AND …

FRANCO NEVADA (FNV $48.94 rated Underweight with price target decreased to $30 from $36) $1 BILLION INVESTMENT IN INMET’S COBRE PANAMA PROJECT LEADS TO OUR DISCOUNT RATE INCREASE TO 7.5% FROM 6.5%; EXPOSES FNV TO POLITICAL RISK IN PANAMA AND COPPER MARKET CYCLICALITY. 8/28/2012 Read more »

GOLD AND SILVER ROYALTY COMPANIES – – THREE TRANSACTIONS TOTAL $1.95 BILLION FRANCO NEVADA (FNV $48.94 rated Underweight with $30 from $36 price target) ROYAL GOLD (RGLD $84.31 rated Underweight with $53 from $56 price target) SILVER WHEATON (SLW $33.68 …

GOLD AND SILVER ROYALTY COMPANIES – – THREE TRANSACTIONS TOTAL $1.95 BILLION FRANCO NEVADA (FNV $48.94 rated Underweight with $30 from $36 price target) ROYAL GOLD (RGLD $84.31 rated Underweight with $53 from $56 price target) SILVER WHEATON (SLW $33.68 rated Underweight with $21 from $24 price target) 8/28/2012 Read more »

THOMPSON CREEK METALS (TC $2.57, rated NEUTRAL; price target LOWERED from $8/share to $5/share) ESTIMATED OPERATING COSTS AT MOUNT MILLIGAN INCREASED; SCENARIO ANALYSIS EVALUATING OPERATING COSTS AT MOUNT MILLIGAN GIVEN $10/LB and $8/LB MOLY 8/30/2012

CAMECO (CCJ $21.90; rated NEUTRAL at $24 price target) YEELIRRIE ACQUISITION ONE OF FEW BIG FIRST WORLD URANIUM OPPORTUNITIES 8/30/2012

PLUM CREEK ($40.70 rated Neutral with price target of $44) EARNINGS FALL SHORT IN 2012 AND 2013, BUT IMPROVING HOUSING TREND SIGNALS BETTER LOG PROFITS TO REDUCE NEED FOR LAND SALES AFTER 2013 8/30/2012