SOURCE: Vista Partners LLC

Vista Partners LLC

June 05, 2013 09:15 ET

Vista Partners Initiates Coverage on Redhawk Resources, Inc.; Price Target CAD $2.50/U.S. $2.42

SAN FRANCISCO, CA--(Marketwired - Jun 5, 2013) - Vista Partners announced today that it has initiated coverage on Redhawk Resources, Inc. (TSX: RDK) (OTCQB: RHWKF) ("The Company," or "Redhawk"); with a twelve month price target of CAD $2.50/U.S. $2.42. Ross Silver, Principal Analyst at Vista Partners, stated, "Copper prices may have rebounded from recent lows potentially due to the suspension of production at Freeport McMoRan's Grasberg mine in Indonesia, together with a lack of production at Bingham Canyon and reduced production at Collahuasi. These factors coupled with demand from producers of electrical wires, roofing and plumbing and industrial machinery has many pundits stating copper prices may continue to move higher. Should this thesis play out, Redhawk Resources, Inc. may benefit." Mr. Silver concludes, "Redhawk is an exploration and pre-development stage copper company seeking to develop its Copper Creek project in Southern Arizona. Over the past two years, Redhawk has undertaken a significant geologic and economic study of the project, which may culminate in a new, large-scale development plan. Expanding the project scope and providing supporting economic analysis may be critical to help elevate the profile of the project and help Redhawk emerge as an attractive acquisition target. A large porphyry-style deposit in a favorable jurisdiction like Copper Creek may be attractive to larger base metals companies looking to secure long-term production located in a safe geopolitical environment."

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About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking.

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