Initiating Coverage
We are initiating coverage on Cassiar Gold Corp. (TSXV:GLDC) with a BUY rating and C$1.50 price target. Cassiar Gold is a developer/explorer focused on its large 100%-owned Cassiar Gold project in BC, a top-tier jurisdiction. This past producing property with great infrastructure has a permitted mill, mine permit, and good metallurgy. We believe this world class team is just scratching the surface of a 15km trend of Au mineralization. The 1M oz Taurus deposit is open in all directions. Cassiar has transformed with new management, top-notch advisors, name change, & recapitalization, but trades at a discount to peers after a period of inactivity. We believe this undervalued, below radar company is an attractive investment and we expect it to re-rate as it aggressively explores and expands resources at the Cassiar Gold Project in 2021.
