Dahlman Rose provided color on Exeter Resource XRA in a research report published today. Dahlman Rose has previously given Exeter Resource a Buy rating.
In the report, Dahlman Rose states, "Exeter announced the prefeasibility study (PFS) results for a standalone oxide gold mine scenario at its fully-owned Caspiche Project in northern Chile. The combined oxide-sulfide mine scenario is undergoing a significantly larger PFS expected in 4Q11."
Shares of Exeter Resource closed today at $4.80, reflecting no change from Monday's market close.
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