JP Morgan On KGC Growth

JP Morgan has issued a report on the growth of Kinross Gold KGC. In the report JP Morgan writes, "Although the geochemical anomaly that delivered the current mine was the largest one, we find it very difficult to believe that there won't be additional discoveries on the other 14 anomalies to exceed the +/- 20moz, needed to justify the purchase price of Redback." KGC is rated Overweight and has a $25 Price Target. KGC closed yesterday at $15.39 a share.