07/03/2008
10:37a.m. - RBC Capital Markets
NEW YORK, February 27 (newratings.com)
Analysts at RBC Capital Markets downgrade Gabriel Resources Ltd (GRZ) from "sector perform" to "underperform." The target price has been reduced from C$1.60 to C$1.50.

In a research note published this morning, the analysts mention that following the EIA suspension, all development activities at Rosia Montana have been suspended, putting the project on care and maintenance. Start-up capital costs for large-scale mining projects has risen by around 25% per year over the past two years on account of rising legal and permitting expenses and swelling equipment, labour and consumables costs, the analysts say.

Source:
http://www.newratings.com/en/main/company_headline.m?section=company&option=headline&id=1705070