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eResearch Initiates Coverage on Crown Gold Corporation with Buy Recommendation - Video Research Alert on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2014) - Toronto based eResearch has in...
About this update from Us Copper Corp
[{"type":"text","content":"eResearch Initiates Coverage on Crown Gold Corporation with Buy Recommendation - Video Research Alert on InvestmentPitch.comVancouver, British Columbia--(Newsfile Corp. - March 4, 2014) - Toronto based eResearch has \n initiated coverage on Crown Gold (TSXV: CWM). Analyst Bob Weir gives the company \n a speculative buy recommendation with an initial short-term target of $0.07, a \n premium of 600% over the $0.01 on February 28th, the day the report was \n issued.\nInvestmentPitch.com has produced a \"video research \nalert\" about Crown Gold based on this report. If this link is not enabled, \nplease visit www.InvestmentPitch.com and enter \"Crown\" in the search box.\n\nIf you cannot view the video above, please visit:\n http://www.investmentpitch.com/video/0_9s8t3pqt/eResearch-initiates-coverage-on-Crown-Gold-TSXVCWM-Speculative-Buy-Recommendation\nCrown is focused on advancing the Superior Copper Project in \nPlumas County, California to the production stage. The Superior Project contains \nthree identified deposits, the Superior, Engels and Sulphide Ridge.\nThe Superior Copper Project has a current NI-43-101 resource of \n547 million pounds of copper with the Superior deposit showing 54.4 million \ntonnes of 0.41% copper or 487 million pounds in the inferred category, and the \nEngels deposit showing another 2.6 million tonnes of 1.05% copper, or 60 million \npounds in the inferred category. Crown's objective is to expand the current \nresource at Superior to a level in excess of 1 billion pounds of copper by \ntargeting the historic resource identified by Placer Amex in the 1960's. Once \nthat level has been achieved production studies will begin. \nCrown has already determined that the mine permitting process \nshould take less than 2 years once started. \nThe shares trade at $0.015, and with approximately 93.9 million \nshares outstanding, the company is capitalized at $1.4 million. \nThe hotly-contested acquisition bid by HudBay Minerals for \nAugusta Resource Corporation, and its Rosemont Copper deposit in Arizona is \nhelping to focus investor attention on the junior mining sector. The Hudbay \ninitiative could be an increasing indication that the producers see value in \npurchasing assets cheaply rather than the timely developing of its properties \nthemselves. \nAnalyst Bob Weir stated, \"Given that Crown Gold's reso...