its hard to understand why this seems so unloved by retail - amazing institutional register, strong management, good jurisdiction and some really interesting results from drilling.Nubian shield has some terrific base metals and VMS deposits (see the Canadians in Eritrea for example)and Oman/Saudi are safe as can be (no carbon taxes, no mining taces and No Ms Gillard/Greens etc)
Grades look good, mining widths and shapes are encouraging and copper has excellent fundamentals. We've all been a bit burnt on zinc before, but fundamentals improving and seeing Glencore buying juniors gives a indication they like it too. Word in Toronto is that the Canadians see a deficit sometime around 2014 emerging.
AUQ looks like one of those stories with a lot of class that needs patience but will eventually do very well.
AUQ Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
