Thursday, January 25, 2007

New Analyst Issues Strong Speculative Buy Rating on Azco Mining - AZMN


Dutton Associates Announces Investment Opinion: AZCO Mining Strong Speculative Buy Rating In Initiating Coverage By Dutton Associates

Friday January 19, 12:30 pm ET
EL DORADO HILLS, Calif.--Dutton Associates initiates its coverage of AZCO Mining (AZMN) with a rating at Strong Speculative Buy and a target price at $3.00. The 21-page report by Dutton senior analyst Mike Niehuser is available at as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.

AZCO Mining has the characteristics of both a good company and good investment. Management has restructured the Company while making selective acquisitions with the potential to produce cash flow in the near term. In addition, the Company is not widely known or understood, which creates a mismatch between the stock's current price and full valuation of opportunities.

AZCO has four advanced projects located within the politically stable and mining-friendly jurisdictions of the southwest United States. They have two precious metal deposits in New Mexico (Summit and Ortiz) and two industrial mineral projects in Arizona (Black Canyon and Planet). Management is completing the restructure of the Company's balance sheet. Progress has been obscured by late filings and consequently the Company has traded on the pink sheets. Filings have been held up by auditors, who requested clarification of the books of a private corporation the Company recently acquired.

Valuation of natural resource companies, due to many risks and uncertainties, can be problematic. AZCO is a U.S. company and currently has not complied with Canadian NI 43-101 relating to reserves or resources. We are confident that with resumption of timely filings of financial reports and execution of available opportunities, the Company will end 2007 in significantly better shape both as a company and an investment. We have visited all of the Company's projects with management and are impressed with progress to date.

About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in the U.S. Its 31 senior analysts are primarily CFAs and have expertise in many industries. Dutton & Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.

The cost of enrollment in our one-year continuing research program is US $39,500 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $39,500 from the Company for 4 Research Reports with coverage commencing on 1/19/2007. We do not accept payment of our fees in company stock. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at before investing.

Contact:Dutton Associates
John M. Dutton, President, 916-941-8119
Source: AZCO Mining

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