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About Daulton Capital Corp
Daulton Capital Corp (OTC:DUCP)
is a natural resource company focused on precious metals.
The New Management's corporate philosophy is to be a Share Holder
Value creator, with the objective of exploring, acquiring and
operating Gold projects in Australia and other countries to
generate real value beginning with ARX Springs Gold Project in
Queensland, Australia. Daulton Capital 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. Our focus will be to explore, acquire and
develop gold resource projects, and continue to invest in
expansion of exploration activities and seek opportunistic special
situations that can add to our portfolio of assets within the
resource sector.
www.daultoncapital.com
Online
Interview with DUCP (pending)
| Shares
Authorized: 5 billion |
Public
Float: 100 million |
| Shares
Outstanding: 4 billion |
Price
Target: $1.00 |
* based
on OTC Markets data |
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DUCP
Moves from Exploration to Gold Production with Acquisition
Last
Updated: Nov. 09, 2012 - 9:00am EST
(NEW YORK)--Daulton Capital Corp.
(OTC:DUCP),
a gold mining and exploration company, moves from exploration to
actual gold production with their pending acquisition of Costa
Rica gold mine.
On Nov. 08, 2012, the company announced an agreement with Ascot
Mining PLC, and its wholly owned subsidiary Veritas Gold CR S.A.,
to acquire 50% of Veritas Gold, which owns and operates the
Chassoul gold mine in Costa Rica. The Chassoul gold mine currently
produces approximately 300 oz gold per month, and plans to
increase production to 500 oz per month.
This acquisition, which is expected to close on or before November
21, 2012, is a major game changer for DUCP as the company moves
from gold exploration to actual gold production.
Investor Highlights
- Veritas Gold Acquisition Moves DUCP into Production
- ARX Springs holds $30 Billion in Gold Reserves
- Merger Valued at $4.3 Billion
- Production to Begin by Years End
- Financing being Closed to Develop ARX Springs
- Experienced and Institutional Management Team
Veritas Gold Mine Project
The Chassoul gold mine currently produces approximately
300 oz gold per month and it is planned to increase production to
500 oz per month concurrent with the ongoing program of reducing
cash cost of production. It is anticipated that once production of
500 oz per month is achieved Chassoul mine will generate potential
free cash flow of USD$500,000 per month. Veritas Gold will
concentrate its efforts to expanding production at Chassoul and in
the short term, aim to reach 2000 oz per month production and
significantly increase free cash flow.
To date, all exploration, development and gold production at
the Chassoul property has occurred within an area of just 12% of
the existing 2 square kilometre concession. Therefore 88% of the
concession is relatively unexplored. Similar mineralization is
believed to extend in all directions surrounding the current
concession area. Veritas Gold CR S.A has developed plans to expand
the Chassoul concession area from the current 2 square kilometre
to 10 square kilometers. This strategy has the possibility of
substantially increasing the resource base over time.
ARX Spring Gold Mine Project
The Company recently conducted a merger in which it acquired the
ARX Springs Gold project, located in the Wide Bay Burnett Region
of Queensland, Australia, which has proven reserve of around 16 to
18 million ounces of gold. Based on a spot Gold price of $1700
that would give DUCP around $30 billion in Gold reserves under
their belt.
Merger Valued at $4.3 Billion
According to the Company, and its executives, the value of this
acquisition is being valued at around $4.3 billion. This takes
into consideration of future production, and around $22 billion in
cash payoffs over the history of this mining project.
Outlook for Gold
With both US and European Central Banks committed to providing
quantitative easing, the prospects for gold has never looked
better. The spot price for Gold recently broke above $1,700, with
predictions we could see gold prices test $1,800 to $2.000 an
once, short term. This is very bullish for gold stocks, and with
DUCP still under the radars with gold players the stock may be set
for a nice run up from its current prices.
Price Target $0.80
With the Company, and executives providing a valuation on this
merger at $4.3 billion, and with DUCP now having around 4 billion
shares issued and outstanding, that would give DUCP a conservative
price target of around $0.70 to $0.80 per share. This would equate
to around a 1000%+ return from its current price of around $0.08
per share.
Register to DUCP Mailing List
The Company has a strong focus on keeping a communication line
between the company, shareholders, and investment market. For that
reason they have developed several tools to keep shareholders
informed of current, and upcoming events. To receive updates on
news, research upgrades, or to be added to their mailing list,
please register online by going to http://www.wallstreetnewscast.com/request/ducp.html
About Daulton Capital Corp
Daulton Capital Corp (OTC:DUCP)
is a natural resource company focused on precious metals. The New
Management's corporate philosophy is to be a Share Holder Value
creator, with the objective of exploring, acquiring and operating
Gold projects in Australia and other countries to generate real
value beginning with ARX Springs Gold Project in Queensland,
Australia. Daulton Capital 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. Our focus will be to explore, acquire and develop gold
resource projects, and continue to invest in expansion of
exploration activities and seek opportunistic special situations
that can add to our portfolio of assets within the resource
sector. www.daultoncapital.com
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Safe Harbor Statements:
This
investor presentation may include statements that may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Although the Company believes that the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected.
Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather
is for informational purposes only. Content contained herein
includes facts, views, opinions and recommendations of individuals
and organizations deemed of interest. Wall Street Newscast
("WSNC") does not guarantee the accuracy, completeness
or timeliness of, or otherwise endorse these views, opinions or
recommendations, or give investment advice. WSNC, its affiliates,
or directors, may or may not hold a position in the above security
from time to time, and investors are encourage to consider this as
a possible conflict of interest when reviewing this information.
In Compliance with SEC Rule 17B Wall Street Newscast was
compensated two hundred thousand shares for ongoing research and media coverage.
WSNC may hold a position in above securities from time to time,
and thus should be considered a possible conflict of interest when
reviewing this report and information. These investments may
involve a high degree of risk, thus investors are highly
encouraged to consult with a financial advisor before any and all
investments.
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