Agoracom

The recent drilling developments in Aguilla have highlighted that we are likely working with roughly a 450*450*650 block (potential of 400 million tonnes) of .53% Cu and .033% Mo amounting to a .86 Cu equivalent. Current prices of Cu are running around $3.75/lb, thus giving this deposit a potential value of $18 billion at the low end and $29 billion at the high end with Mo credits. Duran will likely have 75 million shares outstanding, and could give this company a value of $7-$11 in a very short time.

There is an attachment which gives my opinion on the Aguilla values and the Pasacancha values over a two year period. Of course, the Aguilla values have much more data to work with than the Pasacancha values, but an estimate of $23 for both properties are not entirely unrealistic.

Dowload the spreadsheet here http://fileurls.com/hrkgei

ven.