AAJ 7.69% 1.2¢ aruma resources limited

Ann: Aruma's Pilbara Gold Projects an Accompanying JORC Tables, page-58

  1. 1,671 Posts.
    lightbulb Created with Sketch. 88
    Absolutely... You must assume that the project will ultimately be a failure but the prospect of 'potential' success is what attracts speculators and that is where you will make money...

    As exploration approaches more and more will want to place bets and will be bidding up the price of your shares... At that point you either sell to them or roll the dice and hold...

    At these levels and this valuation there is much more upside than downside...100% downside or 1000%+ upside

    As stated shares on issue is relatively low - 700m

    Every cent on AAJ share price is 7m at this point

    They hit some nice gold grades and this could justify 20-30m MC (3-4c) no probs

    IMO obviously
 
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