CybeRelease: (OTC: GNLM) Rated ’Speculative Buy,’ Target Price $2.20 by Beacon Equity Research
(CybeRelease, April 27, 2007) – Lake Harmony, Pa. - 4/27/07 - General Metals Group (OTC BB: GNLM) has been rated “Speculative Buy” with a target price of $2.20 by Beacon Equity Senior Research Analyst, Lisa Springer, CFA.
The full report is available at http://www.BeaconEquityResearch.com.
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In the report the analyst writes, "General Metals Corporation is a junior mineral resource exploration company that is identifying, acquiring, exploring and developing gold, silver and other precious metals properties. The Company recently acquired 100% control of the Wilson-Independence mine, located in the gold belt region of northern Nevada. The Company has rights to 14 mining claims spread across a 240 acres property.
"General Metals has identified both shallow and deep mining targets on its claim at the north end of the Independence mine property. These consist of two shallow targets, the North Target and the Independence Target, and the Wilson Deep Target. General Metals believes there is potential to develop a gold resource of 235,000 ounces from its shallow targets and 1.5 million ounces from its deep target.
“General Metals believes there is potential to develop a gold resource of 235,000 ounces from its surface targets and 1.5 million ounces from its deep target. At $640 per ounce gold prices, the value of the shallow target gold production would exceed $150 million and the value of potential production from the deep target could exceed $960 million.”
To view the full release, go to http://biz.yahoo.com/bw/070426/20070426005654.html?.v=1
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