See Below broker report and valuation for AUE, dated end of January, 2025 , from Petra Capital. May be of interest for those that haven't already seen it. Link to full report https://lnkd.in/gfFhEwWJ
Petra Capital ReaffirmsAurum Resources(ASX: AUE) with A$0.59 Price Target, reflecting a 127% upside from the current price of A$0.26. Analyst Andrew Richards highlighted: "New high-grade drill results at the Boundiali Gold Project continue to demonstrate strong resource growth potential, following the 1.59Moz Maiden Resource announced in December. With a 100,000m drill program underway and a Pre-Feasibility Study expected by year-end, AUE is well positioned for further value creation.” Aurum is trading at an EV/Resource of just A$16/oz, significantly below the peer average of A$80/oz. Resource updates are expected in mid and late 2025, with ongoing drilling at both Boundiali and Napie to further define high-grade gold zones.
GLTAH
FatMan
AUE Price at posting:
34.5¢ Sentiment: None Disclosure: Not Held
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