posted
This one has been in a holding pattern for some time now. Glad to see some PR.
Gemini Exploration Rated `Speculative Buy' Target Price $1.23 by Beacon Equity Research 2:30 AM EST November 6, 2007 DALLAS--(BUSINESS WIRE)--
Gemini Explorations (OTCBB: GXPI) has been rated Speculative Buy with a price target of $1.23 by Beacon Equity Research Analyst, Victor Sula, PhD.
The full report is available at http://www.BeaconEquityResearch.com. Anyone interested in receiving alerts regarding Gemini Explorations research should email members*beaconequityresearch.com with "GXPI" in the subject line.
In the report, the analyst writes, "Gemini Explorations, Inc. (GXPI) is an emerging mining company focused on exploring, developing and mining gold properties. The Company's main projects are located in the heart of Colombia's premier undeveloped gold districts: La Planada in Sotomayor, Narino and Los Chorros Gold Mine in El Bagre-Zargoza, Antioquia. In addition, the Company has a mineral claim comprising a total of 16 contiguous cells located in British Columbia, Canada."
"The Company's Los Chorros Project is at present a producing gold mine with a low recovery rate and operating capacity due to outdated equipment. Gemini Explorations has undertaken a modernization program to expand Los Chorros production capacity to approximately 100 tons of ore per day in the first year of operation. At these levels of production plus the estimated gold yields of 20 grams per ton of ore, the Company should report monthly revenue of approximately $1.5 million and operating cash flows of up to $1.1 million in less than one year."
Other companies in the gold sector include Barrick Gold Corp. (NYSE: ABX), Goldcorp Inc. (NYSE: GG) Pacific Gold Corp. (OTCBB: PCFG) and Silverado Gold Mines (OTCBB: SLGLF).
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Gemini Explorations (GXPI). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research has been compensated a total of fifty thousand dollars by Caroline Industries and six thousand five hundred dollars from Equity Alliance for enrollment of GXPI in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
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