Post by
HHAPPY on Aug 08, 2014 5:44pm
Not sure if this recommendation is reason for share price
advance today. Roulson obviously agrees with Lundin's call for CYD to appreciate as assays prove up their Mexican holdings.
Lawrence Roulston, in the July 21, 2014, edition of Resource Opportunities, refreshes his buy of Cayden Resources Corp., recently $2.30. Mr. Roulston said buy Cayden three times between Oct. 31, 2012, and April 28, 2014, at prices ranging from $1.28 to $1.88. Assuming a $1,000 investment for each of the three buys, the $3,000 position is now worth $4,413. Cayden recently released more assays from its El Barqueno gold property in Jalisco state, Mexico. Mr. Roulston says the assays confirm that the Angostura target is the third important gold discovery on the property. The market is still waiting for drill results from six more target areas. The newsletter editor says that drilling to date at the Pena de Oro and Azteca zones have outlined extensive zones that have yielded multigram gold values over good widths. He also says that it is clear that El Barqueno has multimillion ounce potential, and that the property is amenable to open pit mining. Mr. Roulston concludes that the value of Cayden will continue rising as drill results continue adding to the size of its discovery.