Buy, Sell, Hold: Mincor and Tesoro

COVERAGE initiated on emerging nickel miner Mincor and new gold explorer Tesoro.

Buy, Sell, Hold: Mincor and Tesoro Buy, Sell, Hold: Mincor and Tesoro Buy, Sell, Hold: Mincor and Tesoro Buy, Sell, Hold: Mincor and Tesoro Buy, Sell, Hold: Mincor and Tesoro

Mincor Resources (MCR)

Analyst: Hayden Bairstow, Macquarie

Recommendation: Outperform (initiation)

Price target: A85c

Thursday's close: 64c

Reason: Kambalda awakening

Comments: We are initiating

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