ARD drilling continues to extend mineralisation & thus grow the resource. she is a well kept secret atm too, although i notice a few others starting to line up on the buy side. for a medium term hold she is looking the goods. especially as POS could really explode in 2010 considering that available silver for delivery at the COMEX seems to be getting smaller by the day.
this co. may not have the appeal of a CCU yet she is growing her resource at Kempfield, with gold & lead & zinc thrown in, along with barite, & has passed "critical mass" according to a recent annoucement.
there are some very enticing remarks in the quarterly that i find compelling. in those bottle role tests the head grade came in "considerably greater" than the resource grade from drilling assays.
if "critical mass" has been passed then a higher average production grade would really add value to projected profitability & thus to the market cap. of this little beast.
if you add Sunny Corner into the mix, along with the surface gold deposits at nearby MT. Dudley, that could be processed along with the Kempfield ore, then this may well grow into an interesting little producer.
ARD will never turn heads, yet the market cap. may well be re-rated during 2010.
ARD Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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