LOM of Toronto initiated coverage of CFO and set a target SP at $6.80 in "Morning Note", April 23, 2009 on their website;

http://www.lomltd.com/content/view/3...


The observations made by LOM are becoming more widely recognized, At Beattie/Donchester widths are very significant and grade is consistently good and uniform along strike. Beattie-Donchester 3 zones of mineralization are continuous and have been traced across historical claim boundaries for many kilometers. The gold along this structure has been intercepted by core drilling at depths in the near-by Duquesne Mine that exceeds 600 meters. The drilling at the Beattie/Donchester Mine has only tested to ~350 meters although historic development shafts at the Beattie mine were driven to +600 meters deep. 97% of CFO drill holes have added to the resource by hitting targeted zones. Much to like.

The stock is largely held in institutional hands and is thinly traded. For this much gold potential, along the Porcupine-Destor fault, proven elephant territory, CFO stock is drawing more attention still. LOM factors in the upcoming property payments and still sets the $6.80 target price for the stock. This is a big, largely untested deposit IMO and in the opinion of a growing number of folks it seems.

Not investment advice.