eResearch released a research perspective on Nortec Minerals today (TSX-V: NVT and OTC Other: NMNZF) reiterating their SPECULATIVE BUY RATING and 12-month target of $0.50 per share.
We have included the notes below as well as a link to the full report perspective:
Nortec Minerals Corp. is a junior mining company with a diverse portfolio of properties (1) across Finland, (2) in Labrador, Canada, and (3) in Azuay Province, southern Ecuador.
Nortec continues to make solid progress in exploration activities on its key projects in Finland. Earlier this year, the Company announced that a NI 43-101 resource estimate for its Läntinen Koillismaa (“LK”) project confirmed large tonnage, hosting PGE-gold-copper-nickel.
Nortec now has a definitive, signed option and joint venture agreement, with Otterburn Ventures Inc., for the LK project. This will allow Nortec to benefit from required exploration, over three years, to be completed by its new joint-venture partner while, at the same time, the Company will be able to focus on its other projects in Finland: its Tammela gold and lithium project, and its Seinäjoki gold project.
We recommend Nortec Minerals Corp. as a Speculative Buy for long-term risk-tolerant investors. We are maintaining our 12-month Target Price of $0.50.
To read our latest Perpsective, click here: http://www.eresearch.ca/_report/NVT_083111-B.pdf.