Stifel analyst Cole McGill initiated coverage of Firefly Metals (MNXMF) with a Buy rating and C$1.60 price target FireFly’s main asset is the 100%-owned Green Bay copper and gold project in Newfoundland and since acquiring the asset, FireFly has been aggressively drilling the Ming mine and consolidating land and infrastructure around the project, the analyst tells investors. The firm sees “a dual track de-risking/drilling investment opportunity,” the analyst added.
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