CCI's Daily Letter text ,etcHere Grocery Boy-
You can go to CCI and look up for yourself.
( although I do agree that posters should cut and paste
or link if they are bothering to look up )
G Currie is always late to the party for any big gain .
He's an after-the-fact analyst not a jr " structure " man.
You trade his recommendations
eg VIA , WLF , SLG etc
I sold all my ARU. ( see earlier post)
Might buy back after it gives a base in a week or two
(under 2.45?) if I decide to trade it.
I like the company and officers and potential but is overvalued .
Other juniors with more holes completed are better value.
ARU needs to drill many more holes on FDN.
I expect price will swing back and forth.
Looking for the next 50 center
Find the new jrs that have potential and backers.
Then you can change your name to GourmetBoy
Regards U
For a more complete version that includes tables and graphs please visit
our web site at https://www.canaccord.com/sso
In today's Daily Letter...
INITIATING COVERAGE
Aurelian Resources (ARU : TSX-V : $3.03) - Speculative Buy - Target: $5.40
Graeme Currie
Comment: Initiating coverage on Aurelian Resources
Aurelian Resources is a Toronto-based junior under the stewardship of
Patrick Anderson and is focused on developing the Condor Project in
southeastern Ecuador. The Condor project is 100% held subject to a 2% NSR
and the first concessions were granted in 2001. The massive property
holdings now cover a region over 70 kilometres in length and almost
surround, at the northern end of the concessions, the Mirador property and
copper deposits held by Corriente Resources (CTQ : TSX). In 2002 Aurelian
initiated a program of regional sampling and mapping along with staking
which identified seven gold prospects. The company became a publicly listed
corporation in mid-2003. The company has over the past several years
focused its efforts on systematically evaluating gold targets and includes,
since June 2003, the complaetion over 16,000 metres of drilling on five
targets along with 8,900 metres of trenching, 200 line km. of mag surveys
and 39 km. of IP (Resistivity and Chargeability). The company has made a
number of discoveries within the Condor property including Aguas Mesas (low
tonnage potential) and Bonza where a resource of 15.0 million tonnes at
1.07 g/t Au and 11.6 g/t Ag has been defined. Yesterday, the company
announced another new epithermal gold discovery on a target referred to as
FDN which is located approximately 1.0 kilometre north of the Bonza zone
and lies within a trend that based on mapping is hypothesised to be part of
a 3 kilometres long system that includes Bonza and FDN. After drilling two
shallow holes which identified a buried quartz sinter that was interpreted
to be marking the top of a buried epithermal target, hole CP-06-51 was then
drilled to a depth of over 300 metres and returned 237 metres at 4.1 g/t Au
plus 8.5 g/t Ag beginning at about 200 metres vertical. We initiate
coverage of Aurelian Resources with a SPECULATIVE BUY recommendation and an
initial target price of $5.40/share. We note given the early grassroots
stage of exploration the shares of this junior are for risk accounts only.
(next picks not included) - U