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.
The closest mine to compare with Aurelia's Federation, in my...
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