Vista Partners Initiates Coverage on Black Hawk Exploration Inc.; $1.85 Target Price
Date : 04/21/2010 @ 9:15AM
Source : PR Newswire
Stock : Black Hawk Expl (BB) (BHWX)
Quote : 0.585 0.035 (6.36%) @ 4:12PM
Vista Partners Initiates Coverage on Black Hawk Exploration Inc.; $1.85 Target Price
Vista Partners Initiates Coverage on Black Hawk Exploration Inc.; $1.85 Target Price
PR Newswire
LOS ANGELES, April 21
LOS ANGELES, April 21 /PRNewswire/ --
Vista Partners announced today that it has initiated coverage on Black Hawk Exploration Inc. ("the Company"), (OTC Bulletin Board: BHWX), with a twelve month target price of $1.85. Ross Silver, CEO & Principal Analyst at Vista Partners stated, "Third party estimates state there are anywhere from 500,000 to 2,000,000 ounces of recoverable gold at the Company's Dun Glen property. At today's price of gold, which is around $1,130 per ounce; that would equate to $566 million worth of gold on the low end of the estimated range. While the company is still in the exploratory phase, we are highly encouraged by the preliminary findings to date. We believe Black Hawk represents an attractive investment opportunity at the current share price." To download a FREE copy of the research report, please visit the Vista Partners website at www.vistap.com and click on the download research icon.
About Vista Partners:
Vista Partners provides equity research to institutional and individual investors, with a focus on publicly traded companies under a $600M market capitalization. Vista Partners' professional staff has backgrounds in finance, corporate communications and investment banking. More information is available at www.vistap.com.
Vista Partners LLC
Ross Silver
(415) 738-6229
info@vistap.com
www.vistap.com
SOURCE Vista Partners
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