New York, NY (PRWEB) May 7, 2010
Duran Ventures Inc. (TSX-V: DRV) (US Listing: DUVNF) is identified in newly issued analysts report by Howlett Research as having significant upside market valuation justification in which the analyst has initiated coverage with near term market valuation potential in the $25 - $60 million range -- DRV.V currently trades with a nominal market cap under $13M at a share price under $0.14. The analyst also provides a comparison of Duran and its Aguila Copper-Moly Porphyry with other projects in the region. The analyst's investment thesis focuses on three critical elements of grade, tonnage and quality.
A full copy of the analyst's report is available via http://sectornewswire.com/AnalystReportDRV052010.pdf online.
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.
Given today's $12 million market cap, we certainly see a positive risk-reward equation and significant positive exploration leverage in Duran.
Focused in Peru, Duran has successfully restarted its drill program at its flagship Aguila Cu-Mo porphyry project. The main target to date is located across a valley less than 1 km from where Minera Penoles de Peru S.A. claims a major Cu discovery. Drilling of 16 holes at Aguila has returned excellent results over a 300 m x 300 m x 400 m area. Virtually every hole is strongly mineralized with 11 holes returning over 0.60% CuEq grades over wide intervals. The latest hole resulted in yet another (3rd) porphyry body (Aguila West) at the western border with Penoles, confirming the exploration model. Channel sampling toward Aguila East along with results from geophysics in 2009 lay the foundation for tonnage expansion. Additional targets with strong IP signatures warrant testing in 2010. Although only one sample tested for recoveries by Rio Tinto in 1998, results were highly positive for both Cu (95.87%, 97.19%) and Mo (89.59%, 92.13%). The blue sky argument is for significant tonnage expansion at Aguila and potential for a new major district.
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.
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