eResearch Maintains $0.60 Price Target for Advanced Explorations

As a follow up to recently released news from Advanced Explorations Inc. (TSX-V: AXI), eResearch believes the Company is poised to benefit from long-term growth in the steel industry, and as a result, eResearch maintains its 12-month price target of $0.60 per share.

Advanced Explorations has made significant progress on its key objectives, particularly the completion of the baseline environmental study which is critical to completing the feasibility plan.  We look for continued execution of the Company’s business plan going forward resulting in a further increase in shareholder value.

eResearch Report

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