proactive investors

Extract from the article
http://www.proactiveinvestors.com/companies/news/36454/horseshoe-metals-drills-235-copper-at-horseshoe-lights-36454.html


Analysis

Two months ago Proactive Investors published: "Now consider that Horseshoe Metals has a market cap of $12 million and cash of $2.5 million (June 30 2012), the market is placing a valuation of less than $10 million on the company's projects - which not only includes Horseshoe Lights - but another potential "company maker" in Kumarina.

Since that article, the Horseshoe Metals share price has jumped 56% to $0.25.

We still see a catalyst for a further re-rating in the stock which will feature strong news flow in the short term, including assays from Kumarina in coming weeks and additional results from Horseshoe lights before the end of the year.

If the high grade copper drilling results continue in the near term, then Proactive Investors can see the Horseshoe Metals share price garner further investor support and push towards - and over - $0.30.