FUNDAMENTAL RESEARCH RENEWS BUY
RECOMMENDATION FOR MURGOR
Kingston, Ontario - September 09th, 2009 - Murgor Resources Inc. (TSX-V: MGR) announces that, Fundamental Research Corporation renewed
its BUY recommendation on Murgor Resources Inc. in a report dated September 4th
2009, authored by Fundamental Analyst Sid Rajeev and Research Associates
Vincent Weber and Kevin Liu. The report is titled "Murgor Resources Inc. - Increased resource
estimates; HudBay's commitment to growth in the Flin Flon belt increases
likelihood of a takeover." Fundamental Research reissued a
Buy Recommendation for Murgor Resources Inc. with a "Fair Valuation"
of the company at $0.63 per share based on copper, gold and zinc prices
respectively at $2.03 US$/lb, $600 US$/oz and $0.75 US$/lb. The report
can be viewed on Fundamental Research's website at www..researchfrc.com.
Fundamental Research Corporation (FRC) is an independent equity
research firm providing institutional-quality fundamental research on smaller
cap companies. FRC's performance is ranked by Investars at
www..investars.com. Murgor commissioned an independent research report
from Fundamental Research Corp., in May 2008. FRC takes steps to maintain
independence, including: not owning any shares of covered companies, not making
a market or offering shares for sale of covered companies, and not having any
investment banking business.
Fees are set and collected in advance. FRC utilizes analysts who
must abide by CFA Institute Code of Ethics and Standards of Professional
Conduct. Additionally, analysts may not trade in any security under coverage.
Full editorial control of all research, timing of release of the reports, and
release of liability for negative reports are protected
contractually. Coverage cannot be unilaterally terminated.
FOR FURTHER INFORMATION ON MURGOR, PLEASE VISIT OUR WEBSITE AT
WWW.MURGOR.COM OR CONTACT:
Sid Rajeev, B.Tech, MBA.,
Analyst
Andr� C. Tessier, President & CEO
FUNDAMENTAL RESEARCH CORPORATION MURGOR RESOURCES INC.
Tel : 604-682-7050
Tel: (613)
546-7503 or 1-888-891-3330
E-mail: srajeev@researchfrc.com
E-mail:
info@murgor.com
Website: www.researchfrc.com
Website:
www.murgor.com
Murgor does not distribute analyst reports or recommendations. Please contact
your personal stockbroker/registered representative if you would like to access
analyst research. Murgor does not endorse or contribute to analyst estimates or
recommendations.
This note to investors includes certain "forward-looking
statements". All statements other than statements of historical fact,
included in this document, including, without limitation, statements regarding
potential mineralization, resources and reserves, exploration results, and
future plans and objectives of Murgor, are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from Murgor's expectations
are exploration risks detailed herein and from time to time in the filings made
by Murgor with securities regulators.
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