DUCP INVESTMENT HIGHLIGHTS INVESTMENT HIGHLIGHT
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DUCP>>> INVESTMENT HIGHLIGHTS
INVESTMENT HIGHLIGHTS
Leveraging the historical mining successes in the
region and on the site itself, ARX Gold
Corporation appears poised to take advantage of
one of the most attractive mining opportunities in
the industry.
The ARX Springs Gold site is located at
Coonambula near Eidsvold in Queensland
Australia, a proven producer of gold dating back
to 1867. The area has a strong history of reserves
and existing reserves are backed by extensive
assays.
The size of the ARX opportunity is simply huge.
There is nearly 350,000,000 tons of material available
for mining for an estimated 20 year production life of
the site, with estimates of 16-18 million ounces of
recoverable gold. This translates to a potential
value of $15 billion at current gold prices and
could generate over $20B in cash flow.
ARX has developed a proprietary extraction
method that will not only improve efficiency but
allow for more gold to be extracted. Furthermore,
ARX will not require the typical huge infrastructure
costs associated with mining operations, enabling
greater profitability even at the earliest stages.
With a long history of mining success, a unique
extraction strategy, and a need for only limited
infrastructure capital to mine the unusually
shallow depth of the resources on the site, we
believe that DUCP offers great potential.
Production should commence within 12 months
following the start of meaningful material stockpiling
and we believe that as milestones occur, DUCP
should trade substantially higher. We rate DUCP
Speculative Buy with a $0.30 price target.