Business
Ubika Research initiates research coverage on Rye Patch Gold Corp.
Ubika Research initiates research coverage on Rye Patch Gold Corp.
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nUbika Research initiates research coverage on Rye Patch Gold Corp.\n\n\n Jun. 21, 2010 (Baystreet.ca) -- TORONTO, Canada - Ubika Research has initiated research coverage on Rye Patch Gold Corp. (TSXV: RPM) in a report, \" A junior with breakout potential in Nevada's prolific gold region” (June 21, 2010). Rye Patch Gold Corp (RPM) is an advanced stage exploration company which has NI 43-101 compliant estimate of 3.9 million ounces of total gold and gold equivalent resources. Ubika Research believes that Rye Patch Gold Corp has the potential to become a breakout junior gold story. It has high quality properties in a well-established mining zone, a highly experienced and savvy management team and necessary cash to carry out its near-term acquisition and exploration plans.Given the company’s location, the stage of its development, its increasing resource estimates, and its undervaluation relative to its peer group, it may potentially become an acquisition target to larger gold mining companies such as Newmont Mining Corp. (NYSE: NEM) and Kinross Gold Corp. (TSX:K, NYSE: KGC), which also operate in the Nevada gold district. Rye Patch Gold Corp (TSXV:RPM) is rated “Speculative Buy” by Ubika Research, with a target price of C$ 1.52.Download the free research report at http://www.smallcappower.com/microsite/research_reports.aspx?CompanyID=35 About Rye Patch Gold Corp.Rye Patch Gold Corp. is an exploration stage company engaged in the acquisition and exploration of gold properties located in the politically stable mining state of Nevada in the U.S. The company’s business plan is to increase its gold ounce resource through continued acquisition of resource projects and through organic growth on its existing project portfolio.About Ubika ResearchUbika Research is an investment research and capital market service firm based in Toronto and Vancouver. It provides comprehensive research, communication and capital market exposure program to highlight the investment potential in micro and small cap companies. For more information visit www.ubikaresearch.com About Smallcappower.comwww.smallcappower.com (SCP) is a leading resource for small cap investing. As an interactive website with rich investment content and dynamic functionality SCP brings investors and financial industry professionals together to discove...