9:08 | 28.02.2008
eResearch: ZARUMA RESOURCES INC. – Initiating Report
ZARUMA RESOURCES INC. – Initiating Report
UPFRONT
The strategic relationship that Zaruma Resources has with world-renowned Glencore International warrants special investor consideration for this promising but over-looked Canadian junior mining company.
RECOMMENDATION
We are initiating coverage of Zaruma with a Speculative Buy rating and one-year and threeyear Target Prices of $0.70 and $1.65 respectively.
PROFILE
Zaruma Resources Inc. is an advanced-stage exploration company, with copper and gold properties located in Mexico and a gold property in Venezuela. The copper project is nearing production. Zaruma is based in Toronto and managed by a team of mining professionals with international experience.
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