Topic: How To Invest

What is your current view on Candente Resources Corp.?

Article Excerpt

Candente Resource Corp., $0.45, symbol DNT on Toronto (Shares outstanding: 80.9 million; Market cap: $36.0 million), explores for copper, gold and silver in Peru and Mexico. The company is based in Vancouver. Candente’s main interest is its 100%-owned Canariaco Norte copper/gold project in northern Peru. So far, the company estimates that the deposit contains 6.5 billion pounds of copper, 1.4 million ounces of gold and 36.5 million ounces of silver. Moreover, the company’s preliminary economic assessment, which it carried out in December 2008, showed that a mine would be profitable. The mine is projected to produce 200 million pounds of copper per year over its 19-year life. Candente has also discovered a second mineralized zone next to the Norte deposit, and believes that drilling will unveil a third deposit. Aside from Canariaco Norte, Candente has interests in six other gold and copper properties in Peru. The company is also working on the El Oro gold/silver project in central Mexico. This region has…