I like what they have to say about Acadian Gold. It's the only one they rated an EXTREMELY STRONG BUY. I think Acadian Gold is a great near-term zinc producer play that the market hasn't recognized yet:
Acadian Gold
Acadian Gold is progressing very well at this point, even though our share price has not yet confirmed all that is happening for the company. This will change and the share price will be much higher as the market takes off.
The company is now focused on three main assets:
Scotia Zinc Project
Scotia Gold Fields Project
Royal Roads Corp Acquisition
Here is a quick summary on each of these assets.
The Scotia Zinc mill is scheduled to go into production late first quarter, or early second quarter of 2007. Yearly production is estimated at 39,800,000 pounds of zinc and 16,500,000 of lead at a cash cost of $0.34 cents per pound of zinc equivalent. With zinc prices trading at $1.66 per pound and lead at $0.66 cents per pound, Acadian is going to be a very nice cash cow! Many analysts are predicting strong zinc prices for the next few years based on worldwide tight supply. This asset alone should value Acadian shares in the multi-dollar level.
Scotia Gold Fields project includes 37 properties covering 60,000 hectares of land. Gold resources are outlined on 4 properties to date with measured and indicated gold ounces at 527,536. Inferred gold resources are 826,670. These assets continue to grow and could be put onto a fast track for production with permitting already in place on the Scotia Zinc property. These four properties are close to pre-feasibility.
Royal Roads
Acadian Gold recently acquired 78% of Royal Roads Corp through a friendly take-over. The principal asset is a 16, 075 hectare property in the world class Buchans base metal camp in central Newfoundland, Canada . The property holds great potential for copper, lead, zinc, gold and silver, which now fits perfectly with Acadian other assets. 80 holes have already been drilled on the property prior to the Acadian acquisition proving up a small resource base of the above mentioned minerals. There is plenty of great exploration potential on this property to expand the work that has already been done.
Things are looking extremely good for Acadian. If you don’t already own shares, you should buy soon.
Acadian is an EXTREMELY STRONG BUY at current levels. |
