The closest mine to compare with Aurelia's Federation, in my opinion, is Adriatic Metals' Vares mine.
Adriatic's project is a market darling and is well regarded by institutional investors and astute commentators.
Both mines have similarities - polymetallic based on lead and zinc, very quick from first hole to development/production, similar throughput and endowment.
Aurelia's jurisdiction, along with terrain and access is far superior. Adriatic's shares on issue (share price) and IRR (134/77 - both are exceptional) are strong attributes.
Both company's production have zinc at ~35%, lead ~20%, silver and gold 20%.
Aurelia has significantly more copper opportunities, although not with Federation.
I would be very pleased for anyone else to make comparisons between these mines.
In short, this comparison confirms that Aurelia is so, so, so undervalued.
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