Agoracom

Juniors are all getting lumped together when things are bad. CRO does have an advantage even though people don't care. Brokers are smart they will wait in the weeds and let the retail crowd puke all their shares. They will and are accumulating and when the tide turns they will sell you their cheap shares. This is how the game is played. Remember Versants March recommendation and .90 target....They put no value to the other targets even though management knows they will find more ore for the mine.... CANADIAN ARROW MINES LTD. Drill results continue to indicate high grade and continuity below open pit Recommendation Speculative Buy Symbol/Exchange: CRO-TSXV Sector: Mining and Metals All dollar values in C$ unless otherwise noted. Current price: One-Year Target Target Return $0.46 $0.90 96% Financial summary Shares O/S (mm) 51.2 52-week range $0.22 - $0.69 Shares Fully Diluted 67.8 Ave. Weekly. vol. (000) 1,114 Market Capitalization ($mm) $23.6 Fiscal year-end 31-Dec Source: Company reports and Versant Partners EVENT Canadian Arrow announced drill results from 14 holes below the proposed open pit at the Kenbridge project in Northwestern Ontario. BOTTOM LINE We are maintaining our Speculative BUY recommendation on Canadian Arrow to a one-year price target of $0.90 per share. Our valuation is based on 0.7x NAV of the Kenbridge deposit and we have assigned no value to additional targets within the exploration portfolio. FOCUS POINTS / CRO announced additional positive drill results for 14 holes below the proposed open pit section at the Kenbridge deposit. / The highlight was drill hole KB-07-149, approximately 250 metres from surface, which came in at 1.14% Ni, 0.30% Cu and 0.04% Co over 49 metres, including 5.8 metres of 6.23% Ni, 0.72% Cu and 0.18% Co. / KB-07-149 is in the same section as previously announced hole KB-07-180, which showed 2.95% Ni, 0.82% Cu, 0.07% Co over 21.5 metres, including a high grade section of 7.21% Ni, 0.67% Cu, 0.19% Co over 5.5 metres. / Results from the 14 holes will be used to upgrade inferred resources in the feasibility study for the proposed underground section of the deposit. / The company notes that 15 more drill results are pending and will be analyzed prior to determining the next steps for drilling. I guess you can complain, but everything is getting trashed.......look at BLV it was $1.50 now .40 unless it is a hot stock like RAY where all the spec money floods in and then suddenly leaves. The nickel and copper ore for the Kenbridge deposit didn't move out of their property it is only because people are not patient......The third and fourth quarters will produce lots of news.. patience is key.. Cheers..