ram - what a little beauty (5c target)

Hi guys,

Very impressive little stock this one...

check this analyst report out

http://www.ramresources.com.au/_content/documents/913.pdf

Of particular note is the investment recommendation towards the end:

"Ram has focused its primary attention to explore the Motzfeldt multi-element Project in southern Greenland, which is renowned as one of the Island’s major mineral occurrences. In addition, the Company has some gold and base metal projects in proximity of Newcrest Mining’s rich Telfer Mine.

After having completed an initial 51% of the Motzfeldt Project in October 2010, Ram and the Vendors signed formal agreements on the option to acquire the remaining 49% interest in one stage.

The Motzfeldt Project has been explored earlier in the 1980s by the GEUS, which estimated a target of 200-500 million tonnes at an average grade of 1800-2200 ppm Nb2055 and 130 – 160 ppm Ta205 with potential to outline internal high-grade zones at the Aries Prospect.

The focus of Ram’s successfully completed 2011 drilling program focused on the Aries Prospect confirms high-grades of potentially economic interest for niobium, tantalum and REEs in all 4 drill holes of 7 drill holes analysed to date.

Finalised results of drill cores should be available at the end of this month with all of the data then to be used for estimation of the initial Mineral resource estimate for the Aries Prospect.

At a current market capitalization of just A$ 3.8 million, the positive results from the Company’s 2011 field season program, funded by an initial budget of A$ 2.5 million, being followed up by an initial Inferred Mineral resource estimate to be expected by the end of this month, in our view, shares of Ram are offering a highly attractive speculative investment potential.

Our next price objective is A$ 0.05

I bought quite a few today, and needless to say, very happy about it.