Zurich, Switzerland-based SISM Research today announced that senior analyst Ernest Schlotter is undertaking coverage of mineral exploration and development company Great American Energy Inc. (OTCQB: SRBL) (OTCBB: SRBL). Schlotter's initial report, which will include a 12- to 18-month stock target valuation and analyst's rating, is slated for publication within the next two weeks.
According to SISM, Schlotter, rated a four star analyst by StarMine, has begun evaluating mineral resources and production potential of Great American, noting that in June 2012 the company entered into two options agreements to acquire properties in British Columbia, Canada and Nevada. Further, SISM noted that the two agreements are partly fulfilled, as the company made initial payments to the sellers and commenced exploration work in Canada as part of the agreements.
In June 2012, thirty-two surface samples were taken from the Canadian property, which lies within the Rocky Mountain rare metal belt, and those samples did provide indications of rare earth elements (REE'S), according to SISM.
SISM analyst Schlotter commented, "Great American Energy will undertake a substantial exploration program to unlock the resources. The lithium project in Nevada is located 28 miles west of one of the world's leading producers of lithium carbonate and lithium hydroxide, and is the only active lithium mine in the United States. This mine has been in production for over forty years, pumping brines as deep as 600 meters below the surface."
"Based on a National Instrument 43-101 compliant technical report conducted during on the property in 2009," Schlotter continued, "a non-contingent multi-staged program is recommended to test the resource potential of the property, having found similar geology to Silver Peak Mine's Clayton Valley."
During the next two weeks, Schlotter will undertake reviews on the resource potential to determine the company valuation, SISM added.
Upon publication, a complimentary copy of Schlotters's initial SISM report will be available for download via Investrend Syndications (at http://www.investrend.com/GreatAmerican/), as well as via the SISM Research website (at http://www.sism.com/).
About SISM Research
SISM Research (http://www.sism.com) is a private investment research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995. SISM Research publishes research on micro- to small-cap companies trading on the OTC, NASDAQ, AMEX and TSX stock exchanges. SISM research coverage platforms are geared toward institutional and individual investors in both North America and in Europe. SISM Research, as a member-provider of the FIRST Research Consortium, takes steps to ensure the independence and integrity of SISM's published research that exceed those of the CFA Institute Code of Ethics and Standards of Professional Conduct and the CFA-NIRI Guidelines, by following the exacting "Standards for Independent Research Providers," which are also in accordance with guidance set forth by U.S. Securities and Exchange Commission's Advisory Committee on Smaller Public Companies.
About Great American Energy
Great American Energy Inc. is a mineral exploration and development company focused on supporting America's growing clean energy and clean tech industries. Based in Denver, Colorado, the company is dedicated to responsibly identifying, acquiring and developing mineral assets in America and US-friendly countries. The company's portfolio of projects currently targets lithium and rare earth element production, both of which are essential to America's clean energy and clean tech industries. For more information on the company and its activities, visit Great American Energy's website (at http://www.gamericanenergy.com).
About the Investrend Research Syndicate
The Investrend Research Syndicate, a proprietary entity of Investrend Communications Inc., distributes reports published by sources dedicated to unbiased, reliable analytics and complete transparency. The primary measure for determining those sources is the "Standards for Independent Research Providers" (http://www.investrend.com/FIRST/standards).
"Safe Harbor" Statement
Certain statements included in this news release contain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), including statements regarding potential production, projected revenues, the success of the company's business, as well as statements that include assumptions, expectations, projections, intentions, plans, beliefs or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Great American Energy Inc. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in reports filed with the SEC under the Exchange Act, lack of capital, timely development of products and services, inability to deliver products and services when promised, inability of potential customers to pay for ordered products and services, and political and economic risks inherent in international trade. This press release speaks as of the date first set forth above and Great American Energy Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. We, the issuers of this press release, also assume no obligation and expressly disclaim any duty to update the information contained herein except as required by law.
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission permits resource companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We may use certain terms on this press release, such as those related to prospective resources, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10K. You can also obtain this form from the SEC by calling 1-800-SEC-0330. Additional information may be found at the SEC website.
The OTC Bulletin Board Exchange has neither approved nor accepts responsibility for the adequacy or accuracy of the above news release.
SISM Research is researching and writing the above-referenced, pending report without any input, contact, advice or review from the subject company. Any information is being gathered from public sources including, but not limited to press releases, company websites, and SEC filings. Great American Energy Inc. ("Great American") has paid SISM Research ("SISM") a retainer fee of five thousand US dollars to produce an independent research and validation report on Great American, and SISM has paid Investrend Communications, Inc. ("Investrend") a portion of SISM's collected fees from Great American for a "distribution and visibility" program, provided by the Investrend Research Syndicate (Div., Investrend) in support of SISM's Great American coverage. No promise of favorable point of view or opinion was, has been or will be made by SISM or the analyst(s) writing for SISM, to Great American. Further, it is both SISM's and Investrend's policy that neither of the firm's nor either of the firms' principals, nor either of the firm's assigned and/or other writing analyst(s) own or trade shares of any subject companies or subject companies' "competitors."
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SOURCE: Investrend Communications