ANGLO AMERICAN (AAUKY $20.50; Rated OVERWEIGHT; Price Target cut to $32 from $35.50); HIGHER COSTS RELATED TO THE APPRECIATION OF THE AUD AND RAND TRIM EARNINGS AND CASH GENERATING ABILITY 8/5/2011
CHINA BOOMS AS EVIDENCE OF STRENGTH MIXED WITH MILD HOLIDAYS 8/8/2011
NORBORD INC (NBRXF $9.826, rated Overweight, price target cut to $15 from $22) PERFECT STORM FORMING AGAINST WOOD MANUFACTURERS AS COST, PRICING, AND MARKET PRESSURES ARE ALL AGAINST THEM 8/10/2011
HUDBAY MINERALS (HBM US $11.67; GUATAMALAN PROCEEDS A LITTLE LESS THAN EXPECTED; RATING RAISED TO OVERWEIGHT AS SHARES HAVE FALLEN TO A LARGER DISCOUNT TO OUR $16 PRICE TARGET 8/11/2011
LOUISIANA-PACIFIC (LPX $6.48, rated Neutral) HOUSING CONDITIONS REMAIN POOR AND U.S. SOVEREIGN DOWNGRADE ONLY WORSENS OUTLOOK; PRICE TARGET CUT TO $7.50 FROM $8.50 8/12/2011
XSTRATA (XSRAF $17.68, rated Overweight; PRICE TARGET DECREASED FROM $35 to $31) HIGHER EXPECTED COSTS CUT ESTIMATED EARNINGS BY 10% 8/12/2011
INTERNATIONAL PAPER (IP $26.19, rated Overweight up from Underweight) RATING DOUBLE-MOVE TO OVERWEIGHT AS IP’S COSTS FALL AND STANDS TO GAIN SIGNIFICANT PRICING POWER IF ACQUISITION DONE 8/15/2011
TECK RESOURCES LTD. (TCK $39.19, rating Overweight; target $95) HIGHER MET COAL COSTS AND ADDITIONAL DEBT LOWER EARNINGS ESTIMATES 1%- 2%; GALORE CREEK DETAILS TO BE COMPARED TO OTHER ALTERNATIVES 8/19/2011
Comments from Visit to Prophecy Platinum Wellgreen depost in Yukon Territory 8/19/2011
COMMENTS FROM VANCOUVER HQ VISITS TO SIX MID-CAP MINING COMPANIES AUGUST 7TH TO 10TH 8/19/2011