ST. LOUIS, Dec. 8, 2011 (GLOBE NEWSWIRE) -- Murphy Analytics (MA) has initiated coverage on Stronghold Metals Inc. (OTCQX:SDMTF) (TSX-V:Z) (Frankfurt:E9X). The Initiation Report contains a detailed discussion of Stronghold's current and planned business operations, particularly at the Company's Eagle Mountain Gold Project. The report also addresses gold market dynamics, macroeconomic data and indicators, financial results, potential cash flows, and risks. The Initiation Report is available at: http://www.murphyanalytics.com/uploads/Stronghold_Initiation.pdf.
Analyst Patrick J. Murphy, CFA notes in the report: "In what seems to be a telling indicator of the opportunity at Eagle Mountain, nearly the entire team that worked the project for IAMGOLD came to work for Stronghold after Stronghold's acquisition of the project. It seems reasonable to conclude that this operational and management continuity is a positive signal with regard to Stronghold's estimates for resource, production cost and timing, and perhaps even the project's blue sky potential…This also implies a vote of confidence in Stronghold's management team and their ability to take the project from exploration to production."
About Murphy Analytics
Murphy Analytics is an independent investment research firm providing coverage of microcap and smallcap stocks. Utilizing institutional caliber, fundamental, bottom-up analysis, Murphy Analytics helps investors make informed investment decisions about equities without extensive analyst coverage, with a focus on small-cap and micro-cap public stocks. Murphy Analytics LLC is owned by Patrick J. Murphy, who has over 15 years of capital markets experience, providing institutional investment and transaction analysis across a range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, CMBS and mortgage REIT's.
Disclosure: MA was paid $8,500 by the Company in advance of the publication of this report. Neither MA nor the analyst owns or trades the shares of covered companies. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. MA provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. This report is neither a solicitation to buy nor an offer to sell securities and is to be used for informational purposes only and should not be used as basis for investment decisions. MA is not an investment advisor or broker/dealer and this report does not provide investment advice.