The International Speculator, in its Sept. 6, 2013, issue, says buy Dalradian Resources Inc. at 80 cents, officially, "Buy first tranche." This is the Speculator's first buy of the stock. The writer calls Dalradian's gold project in Northern Ireland, Curraghinalt, an "undervalued high-grade discovery." He says many investors would be put off by its location, but Northern Ireland is far more pro-mining than most. Dalradian's chief executive officer is Patrick Anderson, a geologist-turned-executive best known for being a co-founder and CEO of Aurelian Resources, which discovered the Fruta Del Norte gold deposit in Ecuador. The company was sold to Kinross Gold Corp. in 2008 for $1.2-billion. Also from the Aurelian ranks is Tim Warman, Dalradian's president.
On the board is Sean Roosen, CEO of Osisko Mining Corp. The writer says Curraghinalt is already substantial, with 460,000 ounces of gold in the indicated category averaging 12.84 grams per tonne. A preliminary economic assessment, published in July, 2012, gives the project an after-tax net present value at an 8-per-cent discount rate of $467-million, assuming a three-year trailing gold price of $1,378.
© 2024 Canjex Publishing Ltd. All rights reserved.