ARM (Aurora Minerals): Something to ponder over the weekend for when they return to the lists next week.
I have also read the Fat Prophet recommendation and it was very positive about ARM.
The report draws a comparison between Capricorn and Bootu Creek stating that Aurora's project has the potential for a similar 20mt deposit. In fact, given the strike lengths of the targets identified so far I'd say there is a strong argument that Capricorn is potentially much larger than Bootu Creek. OM Holdings, the owner of Bootu Creek has a market capitalisation of AUD600m. If ARM were to achieve a similar value it would represent a share price of about $7.50, hence the statement in the report about an excellent risk reward ratio.
I also like the final statement which recommends Aurora as a buy around $0.44 for all members and then goes on to say that Aurora will be firmly held within the Fat Prophets Mining and Resources Portfolio.
Expect plenty of buying as a result of this report when they relist on Monday!
