research report
posted on
Oct 11, 2009 09:08AM
Focused on exploration and advancement of mineral projects in Peru
got this from "yeswecanmaybe" on the stockhouse board...
Saw a good article on Duran Ventures out this weekend featured on kitco http://miningmarketwatch.net/drv.htm
Good things are happening at Duran’s claims and I suspect we should see some action;
“Mining giant Penoles has moved drills onto the edge of Duran Ventures' Aguila copper-molybdenum porphyry system/claim line. The flurry of activity by Penoles only a couple thousand meters to the south of Aguila's main pit is a tell that something major is developing; this is Penoles' only project they are drilling in Peru and they have found reason to call up two additional rigs. The significance of this to the market place and investors in Duran Ventures Inc. cannot be understated as geologists are all under the same agreement that high silver values at Duran's Pasacancha workings ~2km to the SE of Duran's Aguila main drilled porphyry has to be part of the same system and if that system is producing as much alteration and mineralization over 2kms that it is plus now Penoles is drilling off Duran's claim line to the south with four drill rigs.”
Also the article makes a compelling case for getting long Duran Ventures; “With only ~87M shares outstanding and trading under CDN$0.15 DRV.V is poised for significant upside revaluation. The risk-reward characteristics are highly advantageous for investors establishing a long position in DRV.V as the current market cap of DRV.V relative to the inherent value of their projects seem disproportionate. A review of the historical chart shows that shares of DRV.V a couple years ago were well over $2 per share and since then the situation on the ground has only improved”