Rockstone Research Ltd. initiated coverage on Meadow Bay Gold Corp. (TSX: MAY). The full analysis can be viewed as a PDF using this link:
www.rockstone-research.de/research/Rockstone_MAY1_english.pdf
The secret behind well performing stocks is simple – they outperform the expectations of its shareholders. The outlook for Meadow Bay and its shareholders could not be better. Meadow Bay not only successfully confirmed a historic resource estimate after an initial drill program. There is much more gold and silver in and around the Atlanta Mine, that was closed in 1980s, as expected. However, this is by far not the end of the rope as Meadow Bay may have further positive surprises up its sleeve.
What did not get much attention during the release of positive findings is the fact that the bulk of the 2011 drilling campaign is not yet included in the current preliminary resource estimate. A large number of high-grade intercepts will be included and released shortly! The preparation of the first NI43-101 resource estimate on the gold and silver quantities within the Atlanta deposits in eastern Nevada is ongoing and we are certain that Meadow Bay will again surprise its shareholders.If we dare to look a bit farther and believe the statement of Meadow Bays Project Manager, Dr. Douglas Oliver, the company just started to scratch the tip of a large goldberg.
More detailed facts, data and other information can be found within the report that be viewed as a PDF via the following link: www.rockstone-research.de/research/Rockstone_MAY1_english.pdf
The German version can be viewed with this link: www.rockstone-research.de/research/Rockstone_MAY1_deutsch.pdf
Please read the disclaimer within the report.
Rockstone Research Ltd.
Analyst: Stephan Bogner (Dipl. Kfm., FH)
www.rockstone-research.com