ARU 3.03% 16.0¢ arafura rare earths ltd

Kinross bid 1.2 bln US$$ for Aurelian (ARU). Unbelievable if...

  1. 1,258 Posts.
    Kinross bid 1.2 bln US$$ for Aurelian (ARU). Unbelievable if compared to Arafura- Aurelian has 13.7 mln Gold oz (all inferred) in resources which equals 12.6 bln US$ inground value. Arafura has even an higher igv at higher grades in shallow depths and has a deposit in Australia rather than in Ecuador where the President has imposed a moratorium on mining issues. Arafura is just valued at 100 mln US$.
 
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