ith a strict focus on the Let’s Go Lithium project in Nevada and the IML project in the Northwest Territories, Rover Metals has announced that it intends to offer its 100% owned Cabin Lake gold project for sale. Located 110 km northwest of Yellowknife at the northern end of Russell Lake, Cabin Gold reportedly hosts high-grade gold in iron formation in Archean metasedimentary rocks. After acquiring the project in 2018, Rover Metals confirmed and expanded the historical gold resource, including by...
After the acquisition of a further 2,400 acres, significantly enhancing the total project size of Rover Metals’ most promising asset Let’s Go Lithium (LGL) to approximately 8,300 acres or 33.6 sq km, we reiterate our Buy rating for the shares of Rover Metals. However, the significant upgrade in LGL’s project size is counteracted by the recent slump in LCE prices. Hence, we reduce our probability weighted net asset value based price target to CAD 0.75 from CAD 0.92 per share. Our price target is ...
We initiate research coverage of Rover Metals with a Buy rating and a price target of CAD 0.92 per share, representing substantial upside from the current share price, and highlight that the current pullback in the company’s stock price (during its recent financing rounds) could be an interesting entry point for investors. Rover Metals is the only company in our peer group that has not yet published a NI 43-101 report for its lithium resource, and we believe that even the publication of a techni...
Rover Metals Corp (TSXV: ROVR:, OTC: ROVMF) is a Canada-based exploration junior miner exploring for precious metals (i.e. gold). ROVR is advancing its 100% owned Cabin Gold Project located in the Northwest Territories (NWT). The Cabin Gold Project has an historic resource estimate of 85 Koz, at highgrades up to 15.8 g/t Au. The Phase 2 drilling program completed 3Q21A at Cabin Gold, discovered deposits with an average grade of 10 g/t Au and was considered as one of the best holes drilled by a j...
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