Image this scenario...a big metals Coy agrees to run an extensive drill campaign to test the scoping study JORC inferred resource for a share of the pie. Assays confirm the initial scoping study findings...we are sitting on a huge, world class deposit. Do they do all the work on behalf of Aura to earn a 50-60% stake or do they make a low ball offer to take control of the whole project? What is a low ball offer when drilling results confirm the resource is worth in excess of $200 Billion? If management entertained an offer of 2% of the valuation, we would be talking about $4 Billion or $4.65/share. Crazy stuff but in the right situation, quite possible.
What's it worth
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Mkt cap ! $103.8M | |||
| Open | High | Low | Value | Volume |
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