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Message: TDW Report on Jaguar Mining

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TDW Report on Jaguar Mining

posted on Mar 03, 09 11:19AM

TD Waterhouse posted a three page report on Jaguar this morning.

Here is how they summarize their report:

"With the financing now complete, Jaguar has significantly more balance sheet flexibility, and should be able to complete initial development of the Caete project, approximately 3 years ahead of our previous estimate. We believe the company’s assets remain attractive. We see Jaguar providing fairly low risk gold deposits in a stable jurisdiction with excellent infrastructure.

We believe Jaguar is a potential takeover target as a result. We are maintaining our BUY rating and increasing our target price to $9.00 (previously $8.50)."

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