More Lundin support for CYD Lundin refreshes Cayden buy
Cayden Resources Inc (C:CYD)
Shares Issued 47,465,790
Last Close 7/15/2014 $2.28
Wednesday July 16 2014 - In the News
Brien Lundin, in the July, 2014, edition of the Gold Newsletter, refreshes his buy of Cayden Resources Inc., recently $2.40. Mr. Lundin said buy Cayden five times between December, 2011, and June, 2014, at prices ranging from 98 cents to $1.71. Assuming a $1,000 investment for each of the five buys, the $5,000 position is now worth $9,698. Mr. Lundin says he met with Cayden management in June, and the newsletter editor is now more convinced than ever that the company's El Barqueno project in Jalisco state, Mexico, will be a multimillion-ounce gold deposit. He says two of the company's targets, Azteca and Pena de Oro, are already world class in size and have yielded consistent, impressive intersections. Mineralization at Pena de Oro now extends for more than 500 metres and to a maximum vertical depth of 200 metres. Mr. Lundin says the zone remains open in all directions. He also says that once the company receives needed permits to drill more of the property, Cayden should have plenty of news flow for investors. The newsletter editor tells his readers that Cayden management previously discovered the Esaase target at the Asanko gold mine in Ghana for a different company, and the management is much more excited about El Barqueno than it ever was about Esaase.