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Investing.com - BMO Capital initiated coverage on Highlander Silver (HSLV:CN) with an Outperform rating and a price target of Cdn$5.50 on Friday.
The research firm highlighted the San Luis project in Peru, noting its gold and silver resource grades of 24.4g/t and 579g/t, which BMO describes as "among the very highest globally."
BMO Capital views Highlander’s extensive and relatively untested land package as providing substantial opportunity to expand resources, with potential for streamlined near-term production.
The firm forecasts that high grades will facilitate strong production and cash flow for the mining company as operations develop.
BMO expects Highlander Silver shares to re-rate as the San Luis project advances toward production while simultaneously expanding resources to support a larger-scale operation.
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