RE: RBC Price Target Revision

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AUDE

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RE: RBC Price Target Revision

posted on Nov 17, 2010 10:27AM

RBC stated on November 4, 2010:

---. “In our view, recent results confirm our view that the Hardrock property could host a 3-4 million ounce gold deposit.”---.

3 million ounces (100%) = $525 million

(GRC 30% = $157 million) or $1.54/GRC share fully diluted.

4 million ounces (100%) = $700 million

(GRC 30% = $210 million) or $2.05/GRC share fully diluted.

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