rbc says outperform $1.80 target, page-9

TobyJack found this article a few weeks back:

[excerpt]

" London-based Randgold Resources, which has a market cap of close to $US7 billion, said it had established a $US200 million credit facility ''for general corporate purposes''. Randgold also happens to be Africa's biggest gold miner.

Investors have obviously interpreted this as ''game on'' for Randgold to start acquiring assets on the cheap in Africa, and it is not surprising that attention has focused on Papillon (ASX code PIR) with its world-class Fekola gold project in Mali. Prior to the announcement, Randgold had struck a deal with the Malian government to waive royalty payments at one of its depleting mine assets to encourage continued production at the site.