Very comprehensive report on Duran Ventures by Wharton School of Economics and Mergers & Acquisitions specialist Jeff Howlett out this PM up at Kitco and links to URL http://sectornewswire.com/AnalystReportDRV052010.pdf
“At this particular point in time, we find the risk-reward equation for Duran to be very compelling. Based on where the company is in its development and the nature of the current program we see potential for some really meaningful news in 2010 that could be a game changer. We believe this is so because the nature of this program is an attempt to determine (1) the potential for a truly meaningful deposit with tonnage of interest to major producers, and (2) whether grades encountered to date persist in these other areas. ... should indications prove positive from the current program, it would not be unreasonable to expect a market valuation in the $25 - $60 million range.”
Analyst curriculum vitae: Jeff Howlett, B.Sc. Ec., is a financial analyst with over 20 years of experience. For over 11 years, he has been providing research services to public and private companies as well as completing a range of business planning and financial modeling services for clients. Previously, Mr. Howlett gained extensive experience with a major Canadian investment firm, specializing in Mergers & Acquisitions. Prior to this, he completed a B.Sc. in Economics from the Wharton School of the University of Pennsylvania.