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Re: goldenpolarbear post# 640

Monday, 12/04/2017 8:46:52 AM

Monday, December 04, 2017 8:46:52 AM

Post# of 1715
I SEE THE STOCK AT ONE DOLLAR...AFTER ASSAY RESULTS ..STRONG BUY $$ GREAT MANAGEMENT TEAM...
RE:RE:Analyst coverage

It's 23 page report. Here's salient part of pg 1. Investment Highlights Kerr Mines Inc. (company, Kerr) is advancing the fully permitted Copperstone project in Western Arizona, U.S. The project is a historic producer having produced 514 Koz of gold between 1987 and 1993. (Koz - thousand ounces) A feasibility study (FS) was completed in 2010, on a high-grade resource totaling 0.31 Moz (10.3 gpt) in the measured and indicated categories, and 0.13 Moz (12.2 gpt) in the inferred category. (Moz million ounces) Kerr has a brand-new management team and board. The Chairman and the CEO own 34.4% of the outstanding shares. The company commenced an aggressive drill program in August 2017 to upgrade and expand the 2010 resource estimate. Initial results (announced in October 2017), combined with historic drill results, resulted in a discovery of a zone parallel to the main Copperstone zone hosting the resource estimate. The company is also planning to acquire another 541 hectares of exploration permits located 1,200 m north east of the Copperstone zone. A preliminary feasibility study (PFS) is expected in Q1 2018. We expect a significantly robust PFS versus the 2010 FS primarily because of the potential for a significant increase in the resource estimate. Kerr is completing a $5 million financing by issuing 16.67 million shares at $0.30 per share. The company can also raise up to $7.56 million as all outstanding options and warrants are in the money. We are initiating coverage on Kerr with a BUY rating and a fair value estimate of $0.69 per share

Read more at http://www.stockhouse.com/companies/bullboard/t.ker/armistice-resources-corp#HJASzoLKUUCVemTI.99