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Strategies & Market Trends : Ride the Tiger with CD

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To: russet who wrote (59617)8/21/2006 8:33:15 PM
From: Proud Deplorable  Read Replies (1) of 312580
 
CC ups its target on ARU to 40.00.....too bad for YOU

"We maintain Aurelian as a SPECULATIVE BUY and revise our target upward from
$29.50/share to $40.00 per share (rounded). "

"The results today continue to confirm that the FDN zone is achieving world-class size for a
gold deposit. The system is now traced along 700 metres of strike and there remains
significant potential for zone expansion"

stockhouse.ca

"We now believe it is appropriate to consider that FDN may have a resource block
approximately 800 metres in length with a 200-metre average depth component and a
100-metre true thickness component.
These dimensions are purely hypothetical estimates
on our part and are not supported by detailed geologic data as yet. We assume a specific
gravity multiple of 2.75 which results in a tonnage estimate of 44 million tonnes. If we
assume an average grade at 8.0 g/t Au, this equates to approximately 11 million ounces of
gold in situ. We emphasize this is our very rough estimate and is based on the assumption
that the average grade and thickness is maintained in the 10 holes not yet reported.
We have held a SPECULATIVE BUY recommendation since April 6, 2006, on Aurelian, and
we maintain this view. Under current preliminary tonnage and grade analysis and
estimates outlined above, the FDN target could host a resource that may now reach or
exceed 11 million ounces."
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