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 Research
Ubika 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.com
www.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 discover and communicate with small cap companies.
Disclosure
Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.
Ubika Research, a division of Ubika Corporation, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://www.smallcappower.com/microsite/CompanyDetail.aspx?CompanyID=35
For additional information contact:
Vikas Ranjan
Phone: 416-646-1941 ext 102
vikas@ubikacorp.com
