Caprock Risk Management, LLC Provides Detailed Independent Research Report
on Southern USA Resources, Inc. / SUSA
ASHLAND, Ala. -- January 28, 2013
Southern USA Resources, Inc. (the “Company”) (OTC BB: SUSA), a natural
resource exploration and development company, announced today that an
independent fee-based research report has been issued by Caprock Risk
Management, LLC (“CRM”), initiating coverage on the Company with a price
target on the Company’s stock.
The report examines the potential growth of the Company which is expected to
be driven by a number of key drivers including higher gold prices that should
continue to enhance the gold sector’s overall fundamentals, proven production
track record of the Alabama Gold Belt, and the Company’s low cost production
with elevated gold prices that should bolster profit margins. A 2 year
earnings model is provided and a valuation in-line with company’s peer group
of 24.11x price-to-earnings multiple.
Chris Jarvis, CEO and Director of Research at CRM commented, “We have a $4.00
12-month price target on Southern USA Resources that we believe is a
conservative estimate. Our firm believes that equity research plays a
significant role in providing publicly traded companies visibility to the
investment community and we are excited that SUSA is our first company covered
For a copy of the report, go to: www.caprockrm.com or www.susaresources.com.
About Caprock Risk Management, LLC
Headquartered in New Hampshire, Caprock Risk Management, LLC (CRM) was founded
by Chris Jarvis, CFA, CMT and a regular contributor to CNBC, CNN, Reuters,
Bloomberg, and Dow Jones among others. With offices in Boston and Springfield,
Massachusetts as well as New York City, CRM services are centered on
quantitative and qualitative research and analytics for equities and
commodities, including institutional sell-side fee-based research on energy
companies, independent valuations on private and public companies. In
addition, CRM offers advisory services for energy trading and publishes a
weekly market research report covering the energy futures markets that is
distributed to institutions and major media outlets. For more information
About Southern USA Resources, Inc.
Headquartered in Ashland, AL, Southern USA Resources, Inc. operates a gold
mining operation and exploration group in the “Idaho District” of Northern
Clay County Alabama. The Idaho District has numerous sites which have been
producing mines and placer sites dating to the late 1800’s. Using modern
mining techniques, the Company is revisiting prior producing sites where it
plans to excavate to a minimum depth of 80 feet, projecting the life of this
project to be in excess of 20+ years.
For more information, visit: http://www.susaresources.com
This release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Statements contained in this
release that are not historical facts, including, without limitation,
statements that relate to the Company's expectations with regard to the future
impact on the Company's results from new products in development, may be
deemed to be forward-looking statements. Words such as "expects", "intends",
"plans", "may", "could", "should", "anticipates", "likely", "believes" and
words of similar import also identify forward-looking statements. These
statements are subject to risks and uncertainties. Forward-looking statements
are based on current facts and analyses and other information that are based
on forecasts of future results, estimates of amounts not yet determined and
assumptions of management. Readers are urged not to place undue reliance on
the forward-looking statements, which speak only as of the date of this
release. Except as may be required under applicable law, we assume no
obligation to update any forward-looking statements in order to reflect any
event or circumstance that may arise after the date of this release.
Additional information on risks and other factors that may affect the business
and financial results of Southern USA Resources, Inc. can be found in the
filings of Southern USA Resources, Inc. with the U.S. Securities and Exchange
Southern USA Resources, Inc.
Investor Relations, 256-405-9423
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