Dutton Associates Announces Investment Opinion: Raven Gold Speculative Buy Rating In Initiating Coverage By Dutton Associates

  
    
  
  
    
      Dutton Associates initiates coverage of Raven Gold (OTCBB: RVNG) with a 
      Speculative Buy rating and a $1.25 price target. The 17-page report by 
      Dutton senior analyst Jon Ziegler, CFA is available at www.jmdutton.com 
      as well as from First Call, Bloomberg Professional, Zacks, Reuters, 
      Knobias, and other leading financial portals.
    
    
      Raven Gold is a gold mining company, with active exploration and 
      development projects. Raven's mandate is to initiate an aggressive 
      acquisition policy, focusing on under-explored to advanced stage 
      exploration gold deposits in North and South American Countries. Raven 
      is focused on becoming a low cost gold producer. Its most notable 
      current holding is its investment in the La Currita project in 
      Chihuahua, Mexico. The La Currita project includes a mine, a 150 
      tonne/day operating floatation mill and stockpiled ore. The La Currita 
      mine was in steady production from 1983 until 1998. The existing mine 
      holds potential to increase tonnage through systematic exploration. The 
      property sits amidst an area that is well understood and explored 
      geologically and has been actively mined. The grade expectations for the 
      property are very reasonable and do not require “home 
      run” numbers to be economic. We believe that a 
      defensible valuation for Raven Gold shares can be derived from applying 
      discounted values to its known gold reserves, its gold resources and its 
      silver resources, which gives a total discounted value of $1.28 per 
      share.
    
    
      About Dutton Associates
    
    
      Dutton Associates is one of the largest independent investment research 
      firms in the U.S. Its 30 senior analysts are primarily CFAs, and have 
      expertise in many industries. Dutton Associates provides continuing 
      analyst coverage of over 140 enrolled companies, and its research, 
      estimates, and ratings are carried in all the major databases serving 
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      The cost of enrollment in our one-year continuing research program is US 
      $35,000 prepaid for 4 Research Reports, typically published quarterly, 
      and requisite Research Notes. Dutton Associates received $35,000 from 
      the Company for 4 Research Reports with coverage commencing on 
      5/01/2008. We do not accept payment of our fees in company stock. Our 
      principals and analysts are prohibited from owning or trading in 
      securities of covered companies. The views expressed in this research 
      report accurately reflect the analyst's personal views about the subject 
      securities or issuer. Neither the analyst's compensation nor the 
      compensation received by us is in any way related to the specific 
      ratings or views contained in this research report or note. Please read 
      full disclosures and analyst background at www.jmdutton.com 
      before investing.