Feb. 1, 2010 (TheNewswire.ca) --
www.PinnacleDigest.com / Delta, BC
Griffiths 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 turn key gold mining operation. Never before have we found a mining company with this amount of infrastructure and a market cap of less than $20 million.
When most junior miners talk about infrastructure, they are talking about electricity, roads, a potential nearby work force, etc. (all very basic components that don't hold a candle to what Fire River has in place). When Fire River explains its current infrastructure it is clear just how advanced its Nixon Fork project is, as the company owns a turn key gold mining operation.
How do we define turn key?
Fire River owns a fleet of mining vehicles, a self-contained power plant, water and septic systems, maintenance facilities, drilling equipment, an 85 person camp, office facilities and a 1.2km long landing strip.
That's not all.
Facilities also include a 200 tpd floatation plant with a gravity gold separation circuit and a sulphide floatation circuit. In 2008, a CIL gold leaching circuit was purchased and is currently 60% installed. Finally, and most importantly, the very difficult and time consuming factor of permitting a mine has already been accomplished at Nixon Fork. The mine is fully permitted and bonded. The bond alone cost $3.6 million to complete and takes 5 years to receive.
It's clear after reading the above summary just how advanced Fire River's Nixon Fork Gold Mine is.
If you're wondering why you've never heard of Fire River - you're not alone. We were wondering the same thing upon first learning of its project. Fire River Gold is a recent…
To read Pinnacle Digest's entire research report with more analysis on Fire River, visit the link below:
Disclaimer: PinnacleDigest.com is an online financial newsletter owned by Maximus Strategic Consulting Inc. We are focused on researching small-cap and large-cap public companies. Information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete. This material is not an offer to sell or a solicitation of an offer to buy any securities or commodity. All statements in this report, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com. PinnacleDigest.com and its affiliates, officers, directors and agents have been compensated to perform research and therefore information should not be construed as unbiased.
Our views and opinions regarding the companies within PinnacleDigest.com are our own views and are based on information that we have received, which we assumed to be reliable. We do not guarantee that any of the companies will perform as we expect, and any comparisons we have made to other companies may not be valid or come into effect. PinnacleDigest.com is often paid editorial fees for its writing and the dissemination of material and the companies featured do not have to meet any specific financial criteria. Do not consider this report unbiased as we will be buying shares in Fire River Gold Corp. and have been paid to advertise on their behalf. PinnacleDigest.com has been paid a cash fee for advertisement coverage on Fire River Gold Corp. The company (Fire River Gold Corp.) has paid for this service. The service includes but is not limited to the creation and distribution of reports such as this one. We intend to sell every share we purchase of Fire River Gold Corp. for our own profit. We may sell all of our shares without notice to our subscribers. Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, has been paid a cash fee for advertisement coverage on Teryl Resources Corp. The company (Teryl Resources Corp.) has paid for this service. The service includes but is not limited to the creation and distribution of reports written by PinnacleDigest.com about Teryl Resources. PinnacleDigest.com and its affiliates bought shares in Teryl Resources after we released our first research report on Teryl Resources to our subscribers. Pinnacle Digest and its affiliates have now sold all of our shares in Teryl Resources. Although we currently do not own any shares in Teryl Resources, we may purchase more shares in Teryl Resources without notice to our subscribers. The clients represented by PinnacleDigest.com are typically development-stage companies that pose a much higher risk to investors. When investing in speculative stocks of this nature, it is possible to lose your entire investment over time. Statements included may contain forward looking statements, including the Company's intentions, forecasts, plans or other matters that haven't yet occurred. Such statements involve a number of risks and uncertainties. Further information on potential factors that may affect, delay or prevent such forward looking statements from coming to fruition can be found in their specific Financial reports.
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