DNA Precious Metals Inc. Announces CEO Feature Interview by CEORoadshow.com and Upgraded Research Report
MONTREAL, December 12, 2013 /PRNewswire/ --
DNA Precious Metals Inc. ("DNA" or "the Company") (OTCQB: DNAP) today announced that http://www.CEORoadshow.com has conducted an audio interview with Ronald Mann, Chief Executive Officer of DNA Precious Metals Inc. The interview includes an overview of DNAP's business and its forward-looking strategy and will be available on YouTube, the Company's website and CEORoadshow.com.
The interview can be found on the CEORoadshow.com's website at the following link:
The Company further announced an updated 33-page research report on DNA Precious Metals Inc. highlighting a significant increase in market value from the initial report published on September 27th, 2013 by Grass Roots Research and Distribution.
The November 27, 2013 report, references, among other things, "DNA Precious Metal is aggressively looking for new assets to expand and become a mid-sized precious metals mining producer. Management's foresight has enabled DNAP to position itself as an innovator in the mining industry by extracting precious metals from tailings. The Company has a strong record of securing financing, required permits and authorizations to conduct operations. Quality assets, excellent cash position, superior business model, experienced management and attractive gold market dynamics are all contributors to future success. Our conservative estimates forecast revenues to grow from $4.9 million in FYE December 31, 2014 to approximately $40.4 million by FYE 2018. Based on these projections and provided that the Company raises $12.0 million in capital, in the near term the Cohen Target Price is 188.1% higher than the current price." As a result, the report further indicates, "DNAP common stock is valued at $1.30 per share, 188.1% higher than the current stock price of $0.45 per share."
The Cohen Price Index Target is calculated using 2014 Price-to-Earnings ratio (P/E), Cohen Price-to-Capital Employed ratio (P/CE), Cohen Discounted Cash Flow (DCF) method and Cohen Price Performance Index. The P/E and P/CE are based on market multiples and representative of the broader industry in which the Company operates. The Cohen Price Performance Index is a representative of the post coverage performance of all stocks covered by us. The last component of the Cohen Price Index Target is using the long-term DCF valuation approach.
The report can be accessed at: http://www.dnapreciousmetals.com/reports.
The updated report notes the potential impact of the agreement to acquire the past producer Montauban Mine, on five contiguous claims ("Mineral Claims") consisting of a mining lease and a mining concession totalizing an approximate surface of 76.84 hectares which DNA acquired through a signed binding agreement. These five mining claims are contingent to DNA's mining claims covering an area of approximately 340 hectares on the Montauban Mine Property. The newly acquired past producer Montauban Mine has reported past production of over 160,000 tons of zinc/lead, 4,300,000 ounces of silver and over 130,000 ounces of gold. The Mine has three shafts, two declines, extensive underground workings and includes the "Golden Goose" north strike area of the Montauban mineralized near surface ore belt, one of the many significant highlights of the acquired property. This mineralized ore block, with Historical Resources non 43-101, Mirabel Resources, consists of approximately 693, 590 metric tons grading an average 3.44 g/t Au and 14.32 g/t Ag.
"We were delighted to receive an update research report recognizing the potential positive impact of the agreement to acquire the past producer Montauban Mine," said Mr. Ronald Mann, CEO." The updated price target is $1.30 per share."
Grass Roots Research and Distribution
Led by Paul Cohen, Grass Roots Research and Distribution is one of Wall Street's leading Independent micro-cap research firm, concentrating on emerging companies with strong management teams focused on shareholder value and sustainable competitive advantage. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of Citigroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the SEC).
Cohen Independent Research Group includes nine PhDs, two MDs, six CFAs, three with CPAs and 21 analysts covering most industries. The backbone of the fundamental research targeted at stock investment includes investigative research into significant corporate events, thorough review of SEC filings, in depth financial analysis, valuations, and management profiles. For more information visit http://www.grassrootsrd.com.
About DNA Precious Metals, Inc.
DNA Precious Metals, Inc. is focused on near term production of the Montauban tailings mine in the Province of Quebec, Canada with an aggressive search for economic production assets. The company trades on the OTCQB market in the United States under the stock symbol DNAP. For more information, please go to http://www.DNAPreciousMetals.com.
On behalf of the Board
Ronald K. Mann, CEO
Forward Looking Disclaimer
This release contains forward-looking statements that involve risks and uncertainties. Readers are referred to the Securities and Exchange Commission filings filed by the Company on EDGAR at http://www.sec.gov/edgar.shtml, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to publicly release any revisions to any forward-looking statements. The information contained in this press release should not be construed as any indication of the Company's future stock price, its revenues or results of operations.
SOURCE DNA Precious Metals Inc.