Another positive recommendation to buy CYD- When will assays pending and new drilling permits show up??
ay Taylor, in the Aug. 13, 2014, edition of Gold, Energy & Tech Stocks, says buy Cayden Resources Inc., recently $2.47. Mr. Taylor said buy on Feb. 12, 2014, at $1.29. A $1,000 investment then is now worth $1,914. Cayden holds the El Barqueno and Morelos Sur projects in Mexico. On July 22, El Barqueno's prospects of becoming a major gold deposit improved when the company released drill results from the Angostura target, the third of nine targets on the property. Highlights included eight metres of 16.1 grams per tonne gold, including two metres of 41.9 g/t. Mr. Taylor thinks Cayden might be able to outline a multimillion-ounce property that will likely be amenable to open-pit heap leaching. Morelos Sur has seen less work, but Mr. Taylor is intrigued because part of the project, called Las Calles, lies within the pit design of Goldcorp's Los Filos project. It is also between a second open-pit outline (the El Bermajal pit) and the area designed for a large heap-leach pad that will presumably take ore from both pits. Were Cayden to sell Las Calles, says Mr. Taylor, some analysts think it could charge over $30-million. The newsletter writer concludes that the stock is "pretty much pushing all the right buttons."