Post by trooper on Feb 18, 2012 17:12:36 GMT -5
New analyst report sheds interesting look into Aquila and expresses opinion valuation based on comparables that Duran is starting to look like sectornewswire.com/DRVAnalystDoc2012.pdf is URL.
The report provides an in-depth analysis of Duran Ventures' Aguila project, identifying a near-term price target of C
.75. Here are some synopsis points as the report goes into some detail explaining its findings….
“DRV has launched successful and increasingly aggressive programs at its flagship Aguila copper- molybdenum property. A 43-101 resource definition is now imminent (expected this Q1 2012) to lay the basis for future economic studies to begin to prove up the property. The initial resource is expected to exceed 200 million tonnes.
Now trading at a $40 million market cap, Duran Ventures Inc. (DRV) has yet to reflect the strong indications that there may well be a mineable resource at Aguila. This view is based on two key factors: 1) average grade is expected be in line with peer company properties that have been a takeover target or are advancing to commercial production (Hudbay – Constancia, Candente – Cañariaco Norte, AQM – Zaframel). 2) critical indicators at Aguila are very positive from a “mineability” perspective – low strip indicated, consistent rock types for simple processing, no penalty substances, very high recoveries for both Cu and Mo, good access / proximity to infrastructure. A resource calculation, which is imminent, is expected to set the stage to formally deal with these issues in a Preliminary Economic Assessment that should improve the market valuation for DRV significantly and move the stock to another level.
Aguila represents a small part of a district scale target –Penoles (Mexican Mining Company) has property to the immediate south and has multiple drills turning a few hundred meters away and shares a bordering (mineralized) target. Multiple potential catalyst scenarios for DRV are expected to unfold in 2012 including the promising drill ready Ichuña property which is the planned target of a 20 drill hole program. Considerable excitement should be expected from long awaited drilling of several targets at Aguila to truly test district-wide potential.
The report provides an in-depth analysis of Duran Ventures' Aguila project, identifying a near-term price target of C
.75. Here are some synopsis points as the report goes into some detail explaining its findings….
“DRV has launched successful and increasingly aggressive programs at its flagship Aguila copper- molybdenum property. A 43-101 resource definition is now imminent (expected this Q1 2012) to lay the basis for future economic studies to begin to prove up the property. The initial resource is expected to exceed 200 million tonnes.
Now trading at a $40 million market cap, Duran Ventures Inc. (DRV) has yet to reflect the strong indications that there may well be a mineable resource at Aguila. This view is based on two key factors: 1) average grade is expected be in line with peer company properties that have been a takeover target or are advancing to commercial production (Hudbay – Constancia, Candente – Cañariaco Norte, AQM – Zaframel). 2) critical indicators at Aguila are very positive from a “mineability” perspective – low strip indicated, consistent rock types for simple processing, no penalty substances, very high recoveries for both Cu and Mo, good access / proximity to infrastructure. A resource calculation, which is imminent, is expected to set the stage to formally deal with these issues in a Preliminary Economic Assessment that should improve the market valuation for DRV significantly and move the stock to another level.
Aguila represents a small part of a district scale target –Penoles (Mexican Mining Company) has property to the immediate south and has multiple drills turning a few hundred meters away and shares a bordering (mineralized) target. Multiple potential catalyst scenarios for DRV are expected to unfold in 2012 including the promising drill ready Ichuña property which is the planned target of a 20 drill hole program. Considerable excitement should be expected from long awaited drilling of several targets at Aguila to truly test district-wide potential.