Daulton Capital Corp. receives Buy Rating, $1.21 Target Price and Analyst Coverage from Rubicon Capital Advisors
NEW YORK, Nov. 7, 2012 /PRNewswire/ -- Daulton Capital Corp. (OTCBB: DUCP), a gold and precious metals exploration company announced today that they have received a 52- week outlook buy rating from small-cap focused research firm Rubicon Capital Advisors. Rubicon has initiated coverage on DUCP with a 12-month stock target price of $1.21 and analyst's buy rating, in a report dated Nov 7, 2012. The full report includes important disclosures, disclaimers and analyst information. Results of the independent report will be available at www.rubiconcapitaladvisors.com/ducp.pdf
Brian Smith, President, Daulton Capital Corp. said, " We are very pleased with Rubicon's professional opinion on our business and the work they put into the report as a whole. We believe the target price puts us well in line with our valuation and we see this stock price of $1.21 as highly achievable in the very near term."
Rubicon's gold analyst said, "Our typical valuation methodology was not utilized on determining where we feel the market cap should be as the gold sector is very unique, particularly at this moment. Instead we used a mix of techniques including many hours speaking with the principals of DUCP on their current and future projects combined with the DCF model and we took into consideration some comparables." She continued, "We do believe that a potential financing could take this valuation and more than double it, this is all speculation of course and it is our philosophy to err on the side of caution..."
ABOUT RUBICON CAPITAL ADVISORS
Rubicon Capital Advisors was founded and is managed by a team that has been actively involved in the financial research industry for over 18 years and whose principles have distinguished careers in each of the sectors its covers. For more on Rubicon, visit: www.rubiconcapitaladvisors.com
ABOUT DAULTON CAPITAL CORP.
DAULTON CAPITAL CORP. (OTCBB: DUCP) is a natural resource company focused on precious metals. The New Management's corporate philosophy is to be a Share Holder Value creator, with the objective of exploring, acquiring and operating Gold projects in Australia and other countries to generate real value beginning with ARX Springs Gold Project in Queensland, Australia.
Daulton Capital has formed an experienced management team with the ability to take advantage of the tremendous opportunities that are available in the natural resource sector today. Our focus will be to explore, acquire and develop gold resource projects, and continue to invest in expansion of exploration activities and seek opportunistic special situations that can add to our portfolio of assets within the resource sector. www.daultoncapital.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact
Melissa Diaz
Daulton Capital Corp.
Investor Relations
Phone: (917) 937-8968
Email: [email protected]
SOURCE Daulton Capital Corp.
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