New analyst report sheds interesting look into Aquila and expresses opinion valuation based on comparables that Duran is starting to look like http://sectornewswire.com/DRVAnalystDoc2012.pdf is URL.

The report provides an in-depth analysis of Duran Ventures' Aguila project, identifying a near-term price target of C
.75. Here are some synopsis points as the report goes into some detail explaining its findings….

“DRV has launched successful and increasingly aggressive programs at its flagship Aguila copper- molybdenum property. A 43-101 resource definition is now imminent (expected this Q1 2012) to lay the basis for future economic studies to begin to prove up the property. The initial resource is expected to exceed 200 million tonnes.

Now trading at a $40 million market cap, Duran Ventures Inc. (DRV) has yet to reflect the strong indications that there may well be a mineable resource at Aguila. This view is based on two key factors: 1) average grade is expected be in line with peer company properties that have been a takeover target or are advancing to commercial production (Hudbay – Constancia, Candente – Cañariaco Norte, AQM – Zaframel). 2) critical indicators at Aguila are very positive from a “mineability” perspective – low strip indicated, consistent rock types for simple processing, no penalty substances, very high recoveries for both Cu and Mo, good access / proximity to infrastructure. A resource calculation, which is imminent, is expected to set the stage to formally deal with these issues in a Preliminary Economic Assessment that should improve the market valuation for DRV significantly and move the stock to another level.
Aguila represents a small part of a district scale target –Penoles (Mexican Mining Company) has property to the immediate south and has multiple drills turning a few hundred meters away and shares a bordering (mineralized) target. Multiple potential catalyst scenarios for DRV are expected to unfold in 2012 including the promising drill ready Ichuña property which is the planned target of a 20 drill hole program. Considerable excitement should be expected from long awaited drilling of several targets at Aguila to truly test district-wide potential.

Investment Thesis
We have indications for a deposit of size and grade at Aguila, along with several other positives from a production point of view. The clear difference between Aguila and the others is obvious – which is the formal definition of the resource, along with an accompanying discussion of prospects and possibilities. This is now imminent. In addition, we believe that if this result is positive, appropriate announcements and actions by Duran to the effect of following up aggressively from an economic perspective, should result in a re-rating of Duran. To review – a buyout of Norsemont, with the Constancia property for $500+ million, on the heals of a positive Feasibility Study (480 m t). The buyout represented a 33% premium over the previous 20 day average. AQM, with a 50% JV interest in the Zafranal Copper-Gold Porphyry Project, with a resource estimate (commencing n Scoping Study) and a market cap of $57 (presumably $114 m for 100% interest). Candente Copper, developing the large scale Cañariaco Norte copper deposit located in Northern Peru – market cap of $128 m based on an updated Prefeasibility Study completed in 2011, with some issues remaining. We believe that with good results from the upcoming resource calculation, and given the other positives surrounding the deposit, Duran has potential to achieve a market value of $100+ million based on this deposit alone. We also believe that Duran has potential to finally realize some value from the other highly promising targets at Aguila (i.e. $20+ million depending on results). In addition, with some serious drilling planned at Ichuña, and with both the Goldfields and Bear Creek analogues nearby, there is serious potential to put Ichuña on the radar screen as well (i.e. $20+ million depending on results). This actual and speculative potential certainly facilitates a
.75 / share target price for Duran.