UPDATE: Global Hunter Securities Initiates Coverage on Sandspring Resources

Global Hunter Securities has published a research report on Sandspring

resources. In the report, Global Hunter Securities wrote, "Sandspring's sole asset is the Toroparu gold-copper project, located in northwest Guyana. In March 2011, Sandspring published a positive preliminary economic assessment (PEA) outlining a $650MM capital project for the low-grade, open-pit mine capable of producing 300K oz. of gold and 25 million lbs of copper per annum over a 13-year mine life, with an additional four years of low-grade stockpiles to extend cash flow." Global Hunter Securities rated Sandspring a BUY with a price target of C$4.50. Sandspring closed Wednesday at $1.86.