Stockpick.pro reports Grass Roots Research and Distribution Inc. Releases Positive Research and Analysis on SPAG

Carson City, NV, (PRWEB) May 02, 2011

Stockpick.pro reports that SPARTAN GOLD LTD (OTC BB: SPAG), a diversified U.S. based junior gold exploration company, has had coverage initiated on it by Roots Research and Distribution, Inc. (http://www.grassrootsrd.com).

‘SPAG common stock is valued at .97, 126% higher than current market price of .87. The stock may be an attractive short-term trade and long term investment’, the report stated.  

The Cohen Price Target is calculated using market-based multiple valuation, Discounted Cash Flow (DCF) and by applying the Cohen Price Performance Index approach. 

The report states: “We expect revenues of .0 million for FYE 2011 and more than 3.4 million by 2015 should the Company raise additional capital to fund its master budget.’

The Company is also forecasted to benefit from long term upswing revenue opportunities from the Company‘s assets, highly scalable business model and new acquisition deals as gold prices continue to rise.

Spartan Gold is positioned to benefit from the current strong price increases in gold prices. SPAG has raised the necessary initial capital to initiate drilling activities at its current asset base. The report also features detailed information about the Company’s mining operations, prospects and financials.

Link to research report: http://www.grassrootsrd.com/CompanyDetails.aspx?cid=126&rid=197

About SPARTAN GOLD LTD (OTC: SPAG):

Spartan Gold Ltd. (OTC.BB:SPAG) is a publicly traded U.S. based junior gold exploration and mining company with gold exploration and development activity centered in both the Carlin-Rain and Round Mountain-Northumberland Gold Trends in Nevada. Spartan’s Poker Flats prospect is located in the Carlin region and Round Mountain-Northumberland mining districts of Nevada are home to the Ziggurat project. The Company also has mining interests in the northeast region of Alabama in the historical Arbacoochee Mining District.

http://www.stockpick.pro/focus-stock/focus-stock-spag/

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