RE:RELAX EVERYONE! I agree. AAL has a current market cap of $600K with a property right next door to a property with a NPV of $1.2 BILLION. Talk about cheap paper. I think there is some deception going here to get more cheap paper. Schmid said the property report had a disasterous recommendation not to even drill any more. That's a flat out lie. The report recommends
"It is recommended herein that Auracle carry out additional exploration at the MHGP. At an
estimated cost of $160,000, the Phase One program should focus on grid based mobile metal ion(“MMI”) soil surveys over colluvium covered areas to the immediate north and south of Mexican Hatpeak, and the regional assessment of the MHGP including mapping and prospecting of other potentialTertiary intermediate and felsic volcanic rocks that crop out through the basin fill. The Phase Oneprogram should also include the acquisition and structural lineament interpretation of high definition satellite imagery
The size and scope of the Phase Two program, consisting of about 3,500 metres of reverse
circulation drilling would be contingent on the results of Phase One explorations. A preliminary
budget of $500,000 is suggested."
I think they should ask the author about copper and in situ mining on this property.
$600,000 market cap. 40m shares out with another 10m at way higher prices. They should be able to get some working capital at $0.05 to get the property up to date and have another good look at the property.
My two cents and good luck trading all