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Thursday, 07/04/2013 11:33:11 PM

Thursday, July 04, 2013 11:33:11 PM

Post# of 1643
**HUGE ANALYTICAL EVALUATION $1.93**
Grass Roots Research and Distribution, Inc. Initiates Coverage on Mercer Gold Corporation With a Price Target of $1.93
SAN FRANCISCO, Sept. 17 /PRNewswire/ -- Grass Roots Research and Distribution, Inc. announced today that it has initiated research coverage on Mercer Gold Corporation (BULLETIN BOARD: MRGP, AN4: Frankfurt) with a buy recommendation and price target of $1.93 per share. Individual and institutional investors are encouraged to visit http://www.grassrootsrd.com/ to learn more about Mercer Gold. A direct download of the report and full disclaimer information is available at: http://www.grassrootsrd.com/grassrootsrd/Reports/Mercer_Gold_08_17_2010.pdf.

According to the analysis by Grass Roots Research, the report stated, "Mercer Gold has acquired the rights to the Guayabales Property in Colombia, located in a prolific gold and silver mining district. Several zones of mineralization from adjacent properties that are actively mined continue onto the Guayabales Property. The Company has completed a technical assessment of the Guayabales Property that meets the NI 43-101 requirements. This study indicates favorable prospects for a large scale mining operation in the area covering the known mineralized zones. There are a total five areas of mineralization on the Guayabales Property that require additional exploration. Two members of the MRGP board were involved with the transaction on the adjacent property that has 9.7 million ounces of gold resource. Based on our preliminary estimate of potential mineable reserves on the Guayabales Property, we estimate a fair value for MRGP of $1.93 per share, 278.4% higher than the current market price of $0.51.
(Should only be used as a reference)

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