United Resource Holdings Group (URHG) - thorough analysis of company operations, products, market, competitors. Several case forecasts, valuation, price targets and more
Cohen Independent Research Group
14 Mar 2012
Available for Immediate Download
United Resource Holdings Group, Inc. (Other OTC: URHG.PK), headquartered in Nevada, U.S., is an exploration and development company focused on the acquisition of mining equipment and the development of gold and other precious commodity projects that demonstrate a reasonable probability for near term production. Currently, URHG is primarily focused on the advancement of its Dun Glen Project, a placer gold project located in northeast Nevada. The Dun Glen Project has historically documented production and sample results to date have yielded encouraging gold grades. This Project is adjacent to Sunrise Minerals, LLC’s Section 17 Placer Project, a placer mine which has been in operation for last five years. Management expects to begin operations at the Dun Glen Project in mid-2Q12 and to become cash-flow positive in 3Q12. Quality assets, excellent cash position, superior business model, experienced management and attractive gold market dynamics are all contributors to future forecasted success. The cash flow from the Dun Glen Project-gold mine should provide the Company a significant edge in today’s difficult market for junior miners. Management intends to leverage Dun Glen’s profits to expand mining operations, and acquire other quality precious metals assets in Nevada and in other mining-friendly states throughout the U.S. Our conservative estimates forecast revenues to grow from $16.2 million in FYE December 31, 2012 to more than $20.1 million by FYE 2014. Based on these projections and provided that the Company raises required capital, our Cohen Target Price is 272.2% higher than the current price.