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Message: NDR

NDR

posted on Nov 10, 2009 08:20PM

Here is some fundamentals on NDR in case you guys were interested. I realize you are mostly T/A driven, but I think you would also look at some of the fundamentals. This I found today and NDR is mentioned at the very end.

From Canaccord today:

Dorato Resources* (DRI : TSX-V :
.85), Net Change: 0.11, % Change: 14.86%, Volume: 417,890

Permits on the way? Shares of Dorato Resources have almost doubled in the last two weeks, as investors may be speculating that the company's highly prospective drill program in the Cordillera del Condor Gold District in northern Peru may soon be starting. The company describes the Cordillera del Condor Gold District, which is also adjacent to the border with Ecuador, as one of the most important gold-bearing districts in the region since pre-Incan times. Modern exploration on the Ecuadorian side9 5

of the border has successfully delineated a number of world-class gold and copper deposits including Kinross Gold's (K) Fruta del Norte gold deposit with inferred resources of 13.6 million ounces gold at 7.23 g/t gold. The Peruvian portion of the Cordillera, while sharing key geological features and stratigraphy, has remained almost entirely unexplored until now. Dorato, through a series of option agreements, has the right to wholly acquire an extensive land package of approximately 800 square kilometres – providing the company a highly strategic position in this emergent gold district. All that is needed now, and has been for some time, is the drill permits from the local government. If the recent volume and price action in Dorato shares is any indication, the permits may be coming soon. Also Monday, Dorato announced that Gordon Neal has been appointed to the Board of Directors. Of note, another junior with favourable holdings in the heart of the trend is New Dimension Resources (NDR) – and its shares also jumped Monday.


Nov 10, 2009 08:42PM

Nov 11, 2009 10:46AM
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