SOURCE: Goldman Small Cap Research, Inc.
BALTIMORE, MD--(Marketwired - Apr 16, 2013) - Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, has issued a research report on ARX Gold Corporation, formerly known as Daulton Capital Corp. ARX Gold is a gold exploration, mining, and production company with projects in Australia.
The Company's primary project, ARX Springs Gold, is located at Coonambula near Eidsvold in Queensland, Australia, a proven producer of gold dating back to 1867. The area has a strong history of reserves and existing reserves are backed by extensive assays.
In the Goldman Opportunity Research report on the Company, analyst Rob Goldman outlines his investment thesis.
"The size of the ARX opportunity is simply huge. There is nearly 350,000,000 tons of material available for mining for an estimated 20 year production life of the site, with estimates of 16 million to 18 million ounces of recoverable gold. This translates to a potential value of $15 billion at current gold prices and according to the Company, could generate over $20 billion over the life of the mine. ARX has developed a proprietary extraction method that will not only improve efficiency but allow for more gold to be extracted. Furthermore, ARX will not require the typical huge infrastructure costs associated with mining operations, due in part to its financial arrangement with an extraction and processing partner, thus enabling greater profitability even at the earliest stages."
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