Good Afternoon Readers!
Have you seen whats happened to g0ld lately?
G0ld has dropped from nearly 1900 an OZ to 1300 an OZ recently.
Just over the past few weeks it plummeted from 15xx to 13xx!
There could be some serious potential if you ask me.
Speaking of g0ld, we have a new pick in this sector that is extremely beaten down.
ARX G0ld Corporation - DUCP
Goldman just released a research report after hours today on DUCP as well which you can view by following this link:Goldman Research Report
DUCP is a natural resource company focused on precious metals.
DUCP's New Management's corporate philosophy is to be a Share Holder Value creator.
DUCP's objective is exploring, acquiring and operating Gold projects in Australia and other countries to generate real value beginning with ARX Springs Gold Project in Queensland, Australia.
DUCP has formed an experienced management team with the ability to take advantage of the tremendous opportunities that are available in the natural resource sector today.
DUCP released an update this morning as well.
ARX Gold Corp. Provides Update On Corporate Activities
April 16, 2013
DUCP, a mining exploration company, is pleased to provide an update on various corporate initiatives undertaken by the company's management.
Name Change to ARX Gold Corp
ARX Gold Corp. has filed required documentation with the State of Nevada to complete its name change from Daulton Capital Corp. to ARX Gold Corp. to better reflect its focus on its g0ld mining and exploration efforts, and has begun its SEC filings using its new corporate name of ARX Gold Corp.
Costa Rica Gold Project
In December, 2012, the Company announced an agreement to acquire a stake in the Chassoul Gold Mine in Costa Rica. Subsequently, the company has been conducting due diligence while negotiating financing to allow the company to complete the transaction. Due to delays of the other party, the previous agreement had expired, though the company holds open the possibility that the other party may complete the transaction as envisaged in the original agreement, or to allow ARX Gold to purchase a majority stake in the Costa Rica Gold project directly. While all options are being pursued, there can be no assurance that the transaction will be concluded.
ARX Gold Springs Project:
The ARX Springs Gold property is located at Coonambula near Eidsvold in Queensland, Australia, and has resources estimated at between 16,000,000 to 18,000,000 (Sixteen to Eighteen Million) ounces of g0ld and estimated to generated a cash flow of $22 billion over the planned 20 year life of the mine based on current g0ld prices. Queensland, Australia is well known to be a prolific gold producing State since the 1867 Australian gold rush, several major gold producing companies including BHP, Glencore Xstrata, Rio Tinto, Barrick Gold and Anglo American have been active in the State of Queensland and the area where the ARX Springs gold project is located has an extensive history of g0ld finds going back to early 1888 in the nearby St Johns Creek g0ld fields.
DUCP is extremely oversold! Check out the chart. We have already started to see some action here off the 52 week low!