TD Newcrest analyst Daniel Earle is convinced that Canaco Resources Inc. (CAN.V) has made a world-class gold discovery at its Handeni project in Tanzania, the Financial Post reported.
"Why does that matter? Because the last time Mr. Earle made such a bullish call on an early-stage gold company was Ventana Gold Corp., which became a market darling and was eventually taken out in a $1.5-billion deal. It was one of the best analyst calls in years," the FP wrote.
Earle has a target of $8.00 a share on Canaco, more than double the current level.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
