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Sector NewswireTM Sector: Mining - Metals and Minerals : Sub sector: Precious Metals :
News Release - November 13, 2009 05:34 PM ET
Madison Avenue Research Group Report: US$1,500/oz Gold Forecast, Seasonal Influences on Precious Metals, Analytical Review of Top Senior Gold Producers and Mining Valuation Insight with Case Study Acero-Martin
NEW YORK, NY, November 13, 2009 /Sector Newswire/ - Madison Avenue Research Group has published a report that includes US$1,500/oz gold price forecast, an analytical review of the 'Top 10' senior gold producers, valuation insight on junior/mid-tier miners, and valuation case study on Acero-Martin Exploration Inc. (TSX-V: AMG) (US Listing: ACERF.PK).
An abridged version of the report may be viewed free of charge at http://madisonaveresearch.com/topgold2010.htm online.
Report Categories and Excerpts:
Our sentiments echo John Licata, Chief Investment Strategist at the energy and metals independent research and advisory service Blue Phoenix. Last year Licata wrote a note to his clients telling them gold was going to hit $1200 this year - a bold prediction at the time yet stunningly accurate in retrospect. On BNN this week Licata said he is still in the process of formulating targets for 2010 but did say he "could see gold going North of $1,500 next year”...
2) Seasonal Influences on Precious Metals - Phase II; We are now in Phase II of seasonal strength, a period of seasonal strength that runs from the first week of November to the first week in February (a trade that has been profitable in 8 of the last 10 periods) for an average gain per period of 13.9%...
3) Review of Top Senior Gold Producers; Listed in ascending order of annual gold production.
4) Junior/Mid-Tier Mining Insight; Chart of index in situ valuation relative to gold price.
5) Case Study: Acero-Martin Exploration Inc. (TSX-V: AMG) (US Listing: ACERF.PK) - Presents exceptional valuation ● 666,000 ounces of gold and 385 million pounds of copper resource ● Near term open pit mine potential ● Multi-billion bulk tonnage potential ● Current in-situ gold equivalent resource valuation under $4/oz ● Only ~28M shares outstanding and trading under CDN$0.30
Acero-Martin Exploration Inc. is a Canadian-based mineral exploration mining company listed on the TSX Venture Exchange (ticker symbol AMG) (US Listing: ACERF.PK).
NOTE: The property possesses multi-billion bulk tonnage potential and not surprisingly Acero-Martin has fielded significant interest from entities probing the possibility of purchase and/or taking on the risk of development in the last couple months. AMG.V has yet to make a decision, however we note that ~200,000 ounces gold of the 666,000 ounce gold resource is readily available for the taking from the pit area -- the current valuation of AMG.V relative to the inherent value of assets appear disproportionate and is poised for substantial upside revaluation. Acero-Martin only recently (since ~mid October 2009) began trading under the symbol AMG.V as a revised mining entity with a nominal 27,347,128 shares outstanding…
An abridged version of the report may be viewed free of charge at http://madisonaveresearch.com/topgold2010.htm online.
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.
SOURCE: Sector Newswire per: Madison Avenue Research Group
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