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Article Excerpt
M2 PRESSWIRE-30 April 2007-Stock Market Alerts LLC.: Monday Morning Stock Watch: GNLM! April 30, 2007(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:30042007
Miami, FLA. - Stock Market Alert's performance stock list includes: General Metals Corp. (OTCBB: GNLM), ClearOne Communications (OTCBB: CLRO), MDU Resources Group Inc. (NYSE: MDU), Unico, Incorporated (OTCBB: UCOI), Sustainable Power Corp. (OTC: SSTP).
General Metals Corporation (OTCBB: GNLM) is a great stock to put on your radar and watch as Stock Market Alerts initiates coverage of the company. The company, which controls 100% of The Independence Mine (predominately a silver mine) located in the Battle Mountain Gold District of Northern Nevada, has issued multiple press releases lately.
On Thursday, the company announced that it has been rated "Speculative Buy" with a target price of $2.20 by Beacon Equity Senior Research Analyst, Lisa Springer, CFA.
Friday after the stock markets closed, the company issued a press release announcing that announces that it's Board of Directors has resolved to forward split its common shares on an 11 for 10 basis. This is being done to provide a benefit to our existing shareholders, who have financed us for a number of years, as we enter into the Institutional financing Phase for our Company.
Great news for GNLM investors! According to the Beacon Equity Research report:
* The company recently acquired 100% control of the Wilson-Independence mine, located in the gold belt region of northern Nevada. The Company has rights to 14 mining claims spread across a 240 acres property.
* General Metals believes there is potential to develop a gold resource of 235,000 ounces from its shallow targets and 1.5 million ounces from its deep target.
* At $640 per ounce gold prices, the value of the shallow target gold production would exceed $150 million and the value of potential...
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