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Pinnacle Digest Selects Fire River as Its Featured Gold Company For 2010
Pinnacle Digest Selects Fire River as Its Featured Gold Company For 2010
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nPinnacle Digest Selects Fire River as Its Featured Gold Company For 2010\n\n\n Feb. 1, 2010 (TheNewswire.ca) -- www.PinnacleDigest.com / Delta, BCGriffiths McBurney & Partners, a well respected investment dealer serving corporate and institutional investors released a quantitative and technical analysis report on gold this week. The report was boldly titled, \"Gold and Gold Equities nearing Completion of Corrections.\" In the report GMP stated, \"We continue to anticipate a spring 2010 intermediate top for gold that should at minimum reach $1,500. We believe that the current pullbacks are near completion and present a quality opportunity to accumulate gold and gold equities.\"And that is exactly what we plan to do at Pinnacle.It's been almost 5 months since we featured a gold company. The last gold company we put our name behind was in September of 2009 - Teryl Resources (OTCBB:TRYLF) , operating in the world famous Tintina Gold Belt, Alaska. In less than 2 months after releasing our introductory research report, Teryl Resources was offered a buyout from Kinross Gold (TSX:K''C) (TSX:K''B) (OOTC:KNRSF) (NYSE:KGC) (TSX:K'U) (TSX:K) for its interest in the Gil JV Project and its shares increased 151% from our notification price. This was a huge win for our members and team.Our team has gone back to the world renowned Tintina Gold Belt in Alaska to find our new Featured Company. We have selected Fire River Gold Corp. (TSXV:FAU) (OOTC:FVGCF) (FAU:TSXV) as our Featured Gold Company of 2010. The company's flagship project is the Nixon Fork Gold Mine, a past producing high grade gold mine where management's objective is to re-establish production in the next 18 months, or potentially much sooner. And, thanks to the recent market pull back, the stock has dropped to a price level which ultimately dictated the timing of our selection. Fire River Gold currently trades at $0.44 per share, down from its peak of $0.75.Fire River Gold is by far the most advanced mining company we have featured on any of the junior exchanges to date. It took 5 months of scouring the junior resource market to find this company. The long hours at the office were well worth it.Fire River is a company with a market cap of just under $18 million. With over $100 million in infrastructure already in place at the company's Nixon Fork Gold Mine, we have truly found a t...