Rubicon Minerals Corp. has released a promising preliminary economic assessment for its Phoenix project, but envisions a smaller-scale project than what had been anticipated by CIBC World Markets Inc. analyst Barry Cooper. He believes Rubicon’s shares, trading at almost a 50 per cent premium to other more advanced and better funded gold companies, are “quite overvalued,” and thinks that future increases in resources are already factored into its trading price.

Downside: Mr. Cooper slashed his share price by $2 to $4 and rates Rubicon as a “sector underperformer.”

CIBC is buying today does he mean SGR ??