TSX Commentary » First Quantum Minerals Ltd. http://www.tsxcommentary.com Canadian Market Commentary Fri, 26 Feb 2010 15:46:00 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 CIBC top picks for 2010 http://www.tsxcommentary.com/2010/shaw-communications/cibc-top-picks-for-2010/ http://www.tsxcommentary.com/2010/shaw-communications/cibc-top-picks-for-2010/#comments Wed, 13 Jan 2010 16:24:36 +0000 admin http://www.tsxcommentary.com/?p=459 Top Picks Of 2010
Ticker Company Rating Price Target
VNP 5N Plus, Incorporated Sector Outperformer $7.50
BPP BPO Properties Ltd. Sector Outperformer $21.00
CNR Canadian National Railway Company Sector Outperformer $65.00
EGO Eldorado Gold Corporation Sector Outperformer US$20.00
EMP.A Empire Company Limited Sector Outperformer $59.00
FM First Quantum Minerals Ltd. Sector Outperformer $115.00
FNV Franco-Nevada Corporation Sector Outperformer $46.00
MIC Genworth MI Canada Inc. Sector Outperformer $30.00
HR.UN H&R REIT Sector Outperformer $19.00
MN March Networks Corp. Sector Outperformer $7.00
PAAS Pan American Silver Corp. Sector Outperformer US$41.00
SJR.B Shaw Communications Sector Outperformer $24.00
SU Suncor Energy Inc. Sector Outperformer $44.00
TKO Taseko Mines Limited Sector Outperformer–Speculative $5.90
TOT Total Energy Services Sector Outperformer $8.00
TRP TransCanada Corp. Sector Outperformer $42.00

Source: CIBC World Markets Inc.

]]> http://www.tsxcommentary.com/2010/shaw-communications/cibc-top-picks-for-2010/feed/ 0 FM Kevista Nickel-Copper-PGE Project Approved http://www.tsxcommentary.com/2009/first-quantum-minerals-ltd/fm-kevista-nickel-copper-pge-project-approved/ http://www.tsxcommentary.com/2009/first-quantum-minerals-ltd/fm-kevista-nickel-copper-pge-project-approved/#comments Tue, 01 Dec 2009 17:41:48 +0000 admin http://www.tsxcommentary.com/?p=333 FM’s Board has approved the development of the Kevitsa nickel-copper-PGE project in northern Finland. The project will include an open pit mine and concentrator with capacity of 5 million tonnes/yr. Detailed engineering is to start before year end with commercial production targeted for mid-2012. All material mining permits have been received. Kevitsa has a mineral reserve estimate of 107 million tonnes grading 0.272% nickel sulphide and 0.418% copper using a nickel sulphide cut-off grade of 0.147%. The mine has an estimated life of 20 years. A copper concentrate and a nickel concentrate will be produced. Gold values will report to the copper concentrate and PGE’s to the nickel concentrate. Off-take agreements have yet to be arranged. Capex is estimated at approximately $400 million. Financing is expected to be a combination of equity and debt. Over the longer term, RBC CM believes that First Quantum offers investors the potential for continued superior returns based on its low cost profile, growth potential and management’s project execution expertise. However, in the near term there may be downside risk to the share price given potential negative headline risk surrounding the Kolwezi mining contract revisitation. Upside share price potential may also be limited until issues around smelter availability in Zambia and gold production at Kansanshi, and their effects on costs, are resolved.

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