Murphy Analytics Announces Initiation of Coverage on Stronghold Metals Inc.
09 12월 2011 - 6:31AM
Murphy Analytics (MA) has initiated coverage on Stronghold Metals
Inc. (OTCQX:SDMTF) (TSX-V:Z) (Frankfurt:E9X). The Initiation
Report contains a detailed discussion of Stronghold's current and
planned business operations, particularly at the Company's Eagle
Mountain Gold Project. The report also addresses gold market
dynamics, macroeconomic data and indicators, financial results,
potential cash flows, and risks. The Initiation Report is
available
at: http://www.murphyanalytics.com/uploads/Stronghold_Initiation.pdf.
Analyst Patrick J. Murphy, CFA notes in the report: "In
what seems to be a telling indicator of the opportunity at Eagle
Mountain, nearly the entire team that worked the project for
IAMGOLD came to work for Stronghold after Stronghold's acquisition
of the project. It seems reasonable to conclude that this
operational and management continuity is a positive signal with
regard to Stronghold's estimates for resource, production cost and
timing, and perhaps even the project's blue sky potential…This also
implies a vote of confidence in Stronghold's management team and
their ability to take the project from exploration to
production."
About Murphy Analytics
Murphy Analytics is an independent investment research firm
providing coverage of microcap and smallcap stocks. Utilizing
institutional caliber, fundamental, bottom-up analysis, Murphy
Analytics helps investors make informed investment decisions about
equities without extensive analyst coverage, with a focus on
small-cap and micro-cap public stocks. Murphy Analytics LLC is
owned by Patrick J. Murphy, who has over 15 years of
capital markets experience, providing institutional
investment and transaction analysis across a range of asset
classes including microcap equities, commercial real estate debt
and equity, municipal derivatives and public finance, venture
capital, fixed income, CMBS and mortgage REIT's.
Disclosure: MA was paid $8,500 by the
Company in advance of the publication of this report. Neither
MA nor the analyst owns or trades the shares of covered
companies. Statements herein may contain forward-looking
statements and are subject to significant risks and uncertainties
affecting results. MA provides no assurance as to the subject
company's plans or ability to effect proposed actions and cannot
project capabilities, intent, resources, or experience. This
report is neither a solicitation to buy nor an offer to sell
securities and is to be used for informational purposes only and
should not be used as basis for investment decisions. MA is not an
investment advisor or broker/dealer and this report does not
provide investment advice.
CONTACT: Patrick J. Murphy, CFA
pmurphy@murphyanalytics.com
Phone 636-273-9440
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