Rox Resources Ltd. (OTC: RXRS) has been rated “Speculative Buy” with a target price of $.20 by Beacon Equity Research Analyst, Lisa Springer, CFA.
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In the report, the analyst writes, “Rox Resources Ltd. (RXRS) is acquiring Canadian mining properties and plans to explore for copper, zinc, gold and other valuable metals. The Company’s principle mineral property is the Fox Mine, located in the Canadian province of Manitoba. The Fox Mine, situated 44 kilometers southwest of the town of Lynn Lake, Manitoba, covers an area of 8.2 square miles.”
“An annual survey of mining companies conducted by the Fraser Institute indicates that Canada’s Manitoba region, where Rox Resources’ properties are located, is considered to have the world’s best potential for significant mineral resources.”
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Rox Resources Ltd. (RXRS). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon has directly been compensated a total of two hundred thousand free trading shares from a non-controlling third party (Clipper Marketing) for enrollment in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.