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GRASS ROOTS RESEARCH AND DISTRIBUTION, INC.
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Copyright © 2012 by Grass Roots Research and Distribution, Inc. All rights reserved. This report may not be reproduced.
June 05, 2012
Cohen Price Index Target $0.10
Please Read Disclaimer on Page # 30
GEAR International Inc (OTC BB: GEAR), directly and through its associates, in engaged in mining of gold, silver and other precious metals. The focus of the Company is to provide complete Mining services in exploration, extraction and refining within the precious metal sector, across the major markets worldwide. GEAR is in an expansion phase and is establishing new markets in the Philippines, Middle East and Africa in addition to aggressively expanding its operations in United States.
During the last 12 months, the Company completed the majority acquisition of Western Sierra Mining (OTC BB: WSRA) and entered into a joint-venture agreement to develop the prolific Silver Cord Mine in Arizona. This major acquisition has resulted in the Company significantly increasing its asset base and improving its balance sheet. The group encompasses a wide area of experience including Western Sierra Mining with over 100 years of mining experience in Arizona. The staff of GEAR is knowledgeable in all the relevant areas of the group’s business as well as site planning, code compliance, engineering/material science and logistics.
Quality assets, excellent cash position, superior business model, experienced management and attractive gold market dynamics are all contributors to future success. Our conservative estimates forecast revenues to grow from $0.12million in FYE December 31, 2012 to approximately $39.0 million by FYE 2018. Based on these projections and provided that the Company raises the required equity capital, our Cohen Target Price is 297.7% higher than the current price.
Symbol GEAR
Exchange OTC BB
Current Price $0.025
52 Week High/ Low $0.18/0.0005
Last Trade Volume 1,487,538
Shares Outstanding (in mil) 147.9
Current Market Cap (in mil) $4.14
Float As % of Shares Out. 76.65 mil
