Pacific Gold Corp. (PCFG) has been rated “Speculative Buy” with a target price of $.90 by Beacon Equity Research.
The full report is available at http://www.BeaconEquityResearch.com.
Pacific Gold Corp. (PCFG.OB) began operations in 2003. Its business is identifying, acquiring, and developing proven, undeveloped mineral deposits in the western US.
The Company is focused on gold as well as base metals such as tungsten and uranium.
PCFG owns and operates five subsidiaries that control several thousand acres of mineral leases and mining claims in Nevada, Oregon and Colorado. Its subsidiaries are Nevada Rae Gold, Inc., Oregon Gold, Inc., Pilot Mountain Resources Inc., Pacific Metals Corp., and Fernley Gold, Inc.
PCFG plans to grow by purchasing or leasing existing mineral deposits across North America. According to management, with the acquisition of Project W, a large tungsten-based deposit, the Company had achieved approximately 55% of its goal.
To date, the gross value of PCFG’s estimated gold, tungsten, vanadium and uranium resources approaches $1.7 billion, which leads Beacon Equity Research to conclude that the 2009 growth target can be readily achieved.
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