AUR 0.00% 0.9¢ auris minerals limited

Ann: High Grade Gold from Diamond Drilling at Sams Creek, page-5

  1. 13,774 Posts.
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    Imo, AUR's rating will be elevated if and when the purchase/sale is completed. All going well, that should before the end of next month. It would mean:

    1. A lot more $$$$ in the bank from the activation of the underwritten shares. How much in the tank after that happens? At a very rough guess I would say $12m.

    2. SFR as a cornerstone investor.

    3. AUR as the main owner of a potential high income gold miner.

    They would be the 3 main changes. In the meantime though, and without those things:

    a) SFR drills away as the manager of AUR's 'southern' Bryah tenements for both gold and copper - Doolgunna, Morck Well, Cashmans and Cheroona.

    b) WGX explores for gold (also indirectly copper) at the 2 tenements in the western Bryah held 80/20 by AUR/WGX as regards base metals. WGX holds all of the gold rights. - Forrest and Wodger.

    c) AUR explores for copper (and indirectly gold) at both Forest and Wodger. Watch this space as diamond drilling started about 12 days ago. AUR is also doing an aircore program there - newish stuff.

    d) AUR is also doing also exploring at Feathercap in the mid-Bryah for gold and base metals. It's 100% AUR and adjoins western Morck where SFR drills for both companies.

    There is more than 1 arrow in the quiver.
 
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