Tao Minerals Ltd. Rated 'Speculative Buy,' Target Price $0.42 by Beacon Equity Research
07:00 EDT Thursday, May 08, 2008
DALLAS (Business Wire) -- Tao Minerals Ltd. (OTCBB: TAOL) has been rated Speculative Buy with a price target of $.42 by Beacon Equity Research Analyst, Lisa Springer, CFA.
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In the report, the analyst writes, "We expect the Company to commence production from the El Colmillo mine at 30 tons of ore per day in 2009, with production rising to 100 tons of ore per day by year-end. At that production rate, Tao could be producing gold from the two identified gold veins, the El Colmillo vein and the La Muela vein, for the next 24 years."
Other companies in the mining and resources sector include Newmont Mining Corp. (NYSE: NEM), Barrick Gold Corp. (NYSE: ABX), International Minerals Corp. (Toronto: IMZ), and IAMGOLD Corp. (NYSE: IAG).
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Tao Minerals Ltd. (TAOL). 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 Resources and its affiliates have been compensated a total of seven thousand five hundred dollars directly from the company for enrollment of TAOL in its research program and other services. 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.
BeaconEquity.com Jeff Bishop, 469-252-3505 press@beaconequity.com www.BeaconEquity.com or Tao Minerals Ltd. Mark Lefkowitz, 917-405-7641
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