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Fly News Breaks for November 30, 2018
RBY
Nov 30, 2018 | 07:22 EDT
BMO Capital analyst Andrew Mikitchook upgraded Rubicon Minerals to Outperform with a price target of $2.50 after the company announced "positive test mining results from Phoenix that confirm the April 2018 resource and equally importantly the ability to mine it." The analyst sees the announcement as a "key de-risking catalyst" that confirms the potential for a restart of operations. Mikitchook adds that the technical progress expected to be made in the next 6-18 months should add to the visibility of the project.
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