16th Edition Allan Barry Report on Precious a"Our speculation for the price of copper is it will move above the high end of its trading range and get over four dollars per pound this year. Even if it stays in the same trading range as it did last year it would still be very healthy and bullish for the companies we follow exploring for copper."
Candente Resource Corp.
First featured in May 9/2006 edition, price on that date $1.10
Second feature in July 12/2006 edition, price on that date $1.06
Third feature in Oct 3/2006 edition, price on that date $0.81
Fourth feature in Jan 23/2007 edition, price on that date $1.30
Fifth feature in Apr 2/2007 edition, price on that date $1.41
Sixth feature in Sept. 09/2007 edition, price on that date $1.59
Current price $1.67
Candente has an outstanding discovery they are advancing in Peru with a large multi-billion pound copper resource called Canariaco. This project has the potential to make the company a takeover target or become a future mine that would be a company-making asset. Either of these results would be to our liking as they would be very rewarding to the shareholders. Since they came out with their first resource calculation estimating 8 billion pounds of copper they have done a great deal more drilling and this new drilling should add significantly to the resource estimates. Additionally, they are also going to test the economics of starting production on a core portion of the property and expanding from there in the future. We look forward to future updates on the resource calculation and from the assessment of the economic potential of the starter pit model.
We are shareholders of the company.
Candente’s stock symbol is DNT and the shares trade on the Toronto Stock Exchange. Their website is www.candente.com. Their website contains past news releases and additional information to do your own due diligence.