Carolina Rush Corp V.RUSH

Analyst coverage

[GoldenIdle]

* Paradigm Capital analyst Don Blyth initiated coverage of Pancontinental Resources Corp. (PUC-X) with a “speculative buy” rating and 45-cent target.

“Every once in a while an opportunity arises where a highly prospective tract of land has not seen modern geological exploration, not for lack of desire to do so, but for extraneous circumstances, such as being held by an elderly prospector or the land package being too fractured by multiple owners to do the scale of exploration needed,” he said. “The Superfund designation on the Brewer property is an example of this type of opportunity. Pancon has been playing the long game for a number of years, acquiring options on the land surrounding Brewer, and now has the option on Brewer itself. To return a 300 gram-metre gold equivalent (AuEq) intercept (widths x grade) on one of the first holes of a Phase 1 drill program testing a geological theory is almost unheard of. The option deal to earn-in to full ownership of the property is complex, but well worth taking the time to understand given the size of the potential prize.”