Independent Research Report on SUSA
Caprock Risk Management, LLC Provides Detailed Independent Research Report on Southern USA Resources, Inc. / SUSA
Press Release: Southern USA Resources, Inc. – Mon, Jan 28, 2013 8:30 AM EST
ASHLAND, Ala.--(BUSINESS WIRE)--
Southern USA Resources, Inc. (the “Company”) (OTC BB: SUSA), a natural resource exploration and development company, announced today that an independent fee-based research report has been issued by Caprock Risk Management, LLC (“CRM”), initiating coverage on the Company with a price target on the Company’s stock.
The report examines the potential growth of the Company which is expected to be driven by a number of key drivers including higher gold prices that should continue to enhance the gold sector’s overall fundamentals, proven production track record of the Alabama Gold Belt, and the Company’s low cost production with elevated gold prices that should bolster profit margins. A 2 year earnings model is provided and a valuation in-line with company’s peer group of 24.11x price-to-earnings multiple.
Chris Jarvis, CEO and Director of Research at CRM commented, “We have a $4.00 12-month price target on Southern USA Resources that we believe is a conservative estimate. Our firm believes that equity research plays a significant role in providing publicly traded companies visibility to the investment community and we are excited that SUSA is our first company covered in 2013.”
