Interesting Find Jange7 Dec 2012 15:01
Our view: The Mitterberg Copper Project in Salzburg region offers huge growth potential for Centurion Resources. The historically producing high grade copper mine acquired by the company is located in an area of significant mineralisation, estimated to contain the largest copper concentration in the Eastern Alps. Al Maynard & Associates Pty Limited, the project consultant, has opined that promising growth prospects for the development of a JORC Code compliant copper mineral resource estimate exists below and to the west of the current mine operations. With ample liquidity at hand, thanks to the £1m raised in November, Centurion Resources need not look elsewhere to fund its operating activities in the short-term. Given the solid asset at hand, positive demand for copper, and the expertise of the Board members in the development and management of various resource projects in the natural resource sector, we issue a Speculative Buy on the stock.