🕐29.06.11 - 12:27 Uhr

SEYMOUR PIERCE BUY NOTE - ORTAC RESOURCES TARGET PRICE 3P AS STORY GATHERS PACE



Please find attached a Seymour Pierce Newsflash BUY note for Ortac Resources where the Company is given a target price of 3p (current share price 1.085p). Seymour Pierce research analysts Asa Bridle and Matthew McDonald commented, "The Ortac story is starting to gather pace.

The drills are turning on site and key additions are being made to the management team as the company looks to deliver the scoping study on its Kremnica gold project later this year.

Despite the recent newsflow and gold price momentum, Ortacs share price has continued to ease and the stock is trading at a large discount to its European peers.

We believe the ongoing assessment work at the project should help to correct this anomaly." Best regards, Lottie Lottie Brocklehurst St Brides Media & Finance Ltd Chaucer House 38 Bow Lane London EC4M 9AY T: +44 (0) 207 236 1177 M: +44 (0) 7917 010 468 F: +44 (0) 207 236 1188 www.stbridesmedia.co.uk



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