In an initiating coverage research report on Abzu Gold, Toronto-based Ubika Research points out that the miner's stock is "steeply discounted" and calculates a Ubika Model Price (UMP) of $1.08/share, 414% higher than the $0.21 close on May 7, 2012. Abzu, which has several projects in Africa's second largest and the most mining-friendly nation Ghana, is gearing up for the second phase of drilling. Ubika Research
[...]