West Hawk Development Corp. (TSX-V: WHD), Initiating Coverage, by Investrend Research Provider Fundamental Research.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- (Investrend Research Syndicate) Fundamental Research Corp has initiated coverage in a report dated January 21, 2006, on West Hawk Development Corp (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension Venture: WHD WHD Wage and Hour Division (US Department of Labor, Employment Standards Administration) WHD Warhead WHD Western Hemisphere Department (International Monetary Fund) WHD Width Height Depth ). The following is a summary of the update; the full 15-Page report is available free for a limited time at www.fundamentalresearchcorp.com and http://www.investrendresearch.com. The company's flagship property is the large Groundhog anthracite coal Noun 1. anthracite coal - a hard natural coal that burns slowly and gives intense heat anthracite, hard coal coal - fossil fuel consisting of carbonized vegetable matter deposited in the Carboniferous period deposit. Anthracite anthracite (ăn`thrəsīt'): see coal. anthracite or hard coal Coal containing more fixed carbon than any other form of coal and the lowest amount of volatile (quickly evaporating) material, giving it the is the highest grade and one of the most profitable types of coal. Fundamental analyst Michael Casserly, MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , believes that "the market for metallurgical coal is strong worldwide, driven in particular from increased demand from Asia. Historically high prices are driving the development of the coal industry in B.C." He also notes the company's addition of Dr. Mark Hart, a respected expert with over 30 years experience managing coal mines and energy companies, to the management team as a positive development. Risks noted in the report, relate to those facing junior mining companies, and include the fact that success is dependent on the exploration and development of the Groundhog coal deposit, and is subject to grade risk, recovery risk, finance risk, and cost overruns. Other risks include volatility in start up and operating costs, especially given the current inflationary environment for labor caused by the mining and energy boom in Western Canada. Also, as with all junior mining companies, WHD's common share price is highly correlated to the global price of specific commodities. Fundamental Research Corp. is a research provider to Investrend Research and a member of the FIRST Research Consortium which sets the standards and ethics for independent research agreed to by all members of the association at http://www.firstresearchconsortium.com. The company's research has been enrolled for investor-monitoring by the Shareholders Research Alliance (http://www.shareholdersresearch.com). Fees of less than $25,000 have been paid by the subject company to FRC FRC abbr. functional residual capacity FRC see functional residual capacity. . FRC and Investrend Research take steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics Code of Ethics can refer to:
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