Gunson Resources Research Report

• Resources Capital has issued a research report on Gunson Resources (GUN)
• Report dated 04/02/2011
• Valuation: $0.70
• GUN last trade: $0.23 (07/02/2011)
• Research report link

It appears that a few more brokers are realising the shortage of minerals sand, especially zircon and the resulting good outlook for zircon prices.  This has culminated in Gunson Resources being covered soon after Base Resources (BSE) recently.

Gunson Resources shares increased $0.03 to $0.20 following the issue of the above research report.  This bodes well considering the company is completing a Share Purchase Plan at $0.20 and will result in more funds in the kitty should the market price hold firm.