Vista Partners Initiates Coverage on Cayden Resources, Inc.; CAD $3.50 / USD $3.19 Price Target
24.04.2014 | Marketwire
SAN FRANCISCO, CA -- (Marketwired - Apr 24, 2014) - Vista Partners announced today that it has initiated coverage on Cayden Resources Inc. (TSX VENTURE: CYD) (OTCQX: CDKNF), a company that engages in the acquisition, exploration, and development of precious metal projects in the Americas, with a twelve-month price target of CAD $3.50 / USD $3.19. Ross Silver, Principal Analyst at Vista Partners stated, "Cayden believes that it has the potential for a major gold discovery. The El Barqueño Project is at a pivotal exploration stage with significant potential value to be revealed in the next 12 months. Multiple vein and stockwork zones containing significant concentrations of gold have been discovered over a wide area. The first 41 holes at the Azteca target area have tested approximately 1.3 km of the 2.6 km prospective strike length to date to a maximum true depth of 200 meters. The large majority of the holes drilled in the Azteca target have penetrated the mineralized structures and intersected significant gold mineralization." Mr. Silver concludes, "Cayden's Las Calles concession, part of the Morelos Sur concessions, is located within Goldcorp's (GG), Los Filos project. The Morelos Sur concessions and their unique land position may have the potential to generate significant additional internal cash-flow for the Company."To download a FREE copy of the Cayden Resources Inc. research report, please visit www.vistapglobal.com and click the "download research" icon to gain access to the report.
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Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking. Vista focuses on investing globally across all market sectors. Vista also provides investment considerations on publicly traded companies through a platform of stock research reports, newsletters, company specific webpages and daily commentary. The platform of products is meant to serve as potential tools for investors to learn about investment considerations. It is Vista's mission to provide investors with tools that may enable them to make profitable investment decisions with the goal to deliver investment considerations that outperform small, mid and large cap equity indexes.
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