GRY - GRYPHON FPO
Deutsche Bank rates GRY as Buy - Initiation of Coverage (1) - The broker initiates with a Buy rating, seeing upside as the company progresses towards a project decision at the Banfora Gold Project in Burkina Faso.
The company is funded through to a project decision and there is scope for production from 2013 and the broker sees this as supporting its positive view.
Target price is $1.90 Current Price is $1.50
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