ZURICH, SWITZERLAND / ACCESSWIRE / July 29, 2016 / Today, Stephan Bogner from Rockstone Research published an initiating coverage report on Pistol Bay Mining Inc. (PST.V).
When initiating coverage on Golden Dawn Minerals Inc. 2 weeks ago, the stock traded at $0.16 CAD (today at $0.39 CAD). When initiating coverage on Aurvista Gold Corp. in May, the stock traded at $0.23 CAD (today at $0.30 CAD). Obviously, the early bird catches the worm. Pistol Bay Mining Inc. has nearly 14 million shares issued and outstanding, and a current market capitalization of less than $750.000 CAD.
According to the company, other worthwile projects are presently seeked to create shareholder value. Once the ongoing financing has been closed, some of the proceeds are expected to be invested into its 100% owned Dixie Zinc-Copper Project in the prolific Red Lake Mining District of Ontario. This project was acquired already last year, when the commodity markets were culminating in its depressed state, hence it may turn out as a superb bargain (especially when exploration starts and succeeds). Of all commodities, zinc enjoys one of the most positive fundamentals for higher prices going forward and appreciated by almost 50% so far in 2016.
On top of that, Pistol Bay owns the 3 uranium projects C4, C5 and C6 in the Athabasca Basin of Saskatchewan, located adjacent to the Wheeler River / Phoenix Deposits of Denison Mines Corp. and Cameco Corp. Pistol Bay optioned this project to Rio Tinto Exploration Canada Uranium Corp., who informed the company that they will continue exploration on this property in 2016. Rio Tinto previously announced its intention to exercise its option to acquire 100% interest by paying $5 million CAD within the next 3.5 years and granting a 5% net profits interest to Pistol Bay.
The full report can be accessed with the following links:
English (PDF):
http://rockstone-research.comhttps://finance.yahoo.com/images/PDF/PistolBay1en.pdf
English (web version):
German (PDF):
http://rockstone-research.comhttps://finance.yahoo.com/images/PDF/PistolBay1de.pdf
Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.
SOURCE: Rockstone Research