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Rogue Resources Receives Buy Recommendation from Fundamental Research - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2017) - Today's buy recommendation c...
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[{"type":"text","content":"Rogue Resources Receives Buy Recommendation from Fundamental Research - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - October 6, 2017) - Today's buy recommendation comes from Fundamental Research Corp. Analyst Sid Rajeev gives Rogue Resources (TSXV: RRS) a buy rating and a fair value estimate of $2.18 per share, a premium of 738% to the $0.26 closing price on September 14th, the day the report was issued.InvestmentPitch Media has produced a \"video\" which discusses this company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Rogue\" in the search box.Cannot view this video? Visit:http://www.investmentpitch.com/video/0_mjhh0gu7/Fundamental-Research-has-updated-coverage-on-Rogue-Resources-TSXVRRSNot tied to any metal, Rogue looks at rock value and good grade deposits that can offer cash flow opportunities and withstand all stages of the metal price cycle. The company remains focused on advancing its Silicon Ridge Project, located northeast of Quebec City, and has recently entered into expanded agreements with two potential silicon metal producers.The company had previously entered into letters of intent related to off-take agreements with these firms last year, and will now be the Canadian quartz supply agent for the two firms. Both companies have long-term plans to expand and move into more specialized metallurgical grade silicon production, requiring very specific quartz metallurgy.Sean Samson, President and CEO, stated: \"This partnership brings multiple benefits tour company. We want to be close with our customers and this type of partnership gets us working on their behalf with the challenge of sourcing great raw materials that meet their volume and metallurgical requirements. This also differentiates us in the market and hopefully opportunities will continue to present themselves as a result.\"Each tonne of metallurgical grade silicon requires between 2.8 and 3 tonnes of high quality quartz. Rogue's Silicon Ridge Project in Quebec, for which a Development Decision and Production is planned for 2018, has an initial planned production capacity of 182,500 tonnes of high quality quartz.In addition to Silicon Ridge, Rogue continues to analyze other quartz deposits with varying volume potential, cost structure and metallurgical characteristics. Analyst Sid Raje...