Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Augustus Minerals Ord Shs AUG


Primary Symbol: AUGMF

Augustus Minerals Limited is an Australia-based exploration company. The Company is engaged in exploring for lithium, rare earths & copper in a large tenement package located in the Gascoyne Province of Western Australia. The project covers approximately 3,600 square kilometers (km2) of granted and under application tenements located in the Gascoyne Province, in the Shire of Upper Gascoyne and the Shire of Carnarvon. The Ti Tree Shear Project is located about 200km inland from Carnarvon and is in the shires of Upper Gascoyne and Carnarvon. The Project area is prospective for copper, gold, nickel, platinum group metals, molybdenum, rhenium, lithium, and rare earth element mineralization. The project's tenement package is categorized into four main project areas: Crawford Bore, Lyons Central, Minnie Springs, and Mt Phillips Area. Capricorn Orogen Pty Ltd is a wholly owned subsidiary of the Company.


GREY:AUGMF - Post by User

Bullboard Posts
Post by benh1215on Jul 28, 2016 3:49pm
817 Views
Post# 25093314

a must read!

a must read!

Right Now
is the Time to Buy Gold Stocks

Insider Buying is Surging…

 
  •  

    Gold is starting to move towards what we expect to be a 5-year upward trend.

  •  

    Legendary Investors Are Piling into One Specific Gold Deal!

  •  

    Large banks, hedge funds, and even governments are making big moves into the gold market.

Our Gold Stock Suggestion:
Auryn Resources Inc. (TSXV: AUG & US: GGTCF)

Several famous fund managers and resource investors have put big money behind this pick. New York Times Best Seller and fund manager Marin Katusa has made Auryn Resources one of only 9 stocks he owns! Other legendary titans in the industry, like Rick Rule, of Sprott Asset Management, and resource hall of fame legend and Chairman of Pan American Silver, Ross Beaty, are now invested this deal!

 

rickrule300

Marin Katusa

 

Dear Reader,

In 2005, they founded Keegan Resources, a $1 stock that saw a 900% return over 5 years! In 2014, during one of the worst bear markets in gold’s history, they helped investors see over 5 times their money with their second company, Cayden Resources. With a low 67-cent share price in 2013, they went on to sell Cayden for $3.79 per share a year later as a result of a $205 million takeover.

Auryn Resources Logo

Now, Ivan Bebek and Shawn Wallace intend to make Auryn Resources (AUG) their greatest Success Story Yet

AUG has one of the best outlooks amongst junior resource companies. This is not just because the management team behind AUGhas delivered tremendous value for investors in two previous companies,but more so because of the asset they were able to acquire and how they have positioned the company going forward.

Their business plan of acquiring high-quality gold assets in the most opportunistic gold market in the past 15 years has drawn in several famous resource investors that have put big money behind this pick.

The company has leveraged its past successes to build one of the best technical teams on the planet to help it find and acquire the best gold assets out there. The acquisition of the company’s Committee Bay Gold Project is a clear example of what this team is capable of doing, and they are not stopping there.

When I spoke to Ivan over the phone this past week, he told me,

Ivan Bebek“We couldn’t have imagined seeing deals this good in the past 15 years.The value available to capable management teams to acquire world-class gold exploration assets for pennies on the dollar has not been seen since the last gold market bottom in 2000.”

Legendary investor Rick Rule, of Sprott Asset Management, an Auryn shareholder, seems to have summed this up perfectly in a recent interview where he mentioned,

rickrule300“Gold shares have been depressed and high-quality properties are selling for pennies on the dollar. Assets selling for between $15-20 million today could be worth $2-3 billion in time.”

Further, Ivan went on to describe an almost dream scenario, where they have access to some of the best projects and, thanks to the current market conditions, have been able to attract and put together one of the best technical teams in the world to help explore them. The team is primarily comprised of former Newmont global geologists, geophysicists, and geochemists that each provide an area of expertise critical in the discovery process.

One quality I picked up from meeting with Ivan last October in a private dinner with Marin Katusa was that Ivan, more than any other Chairman I’ve ever met, is absolutely certain of his team’s plan of execution. He knows what it’s going to take: the best people, the best gold assets, access to capital, and a disciplined focused plan of execution.

The AUG team has proven with Cayden that they can even make money for shareholders when the gold price and mining sector are in a severe downturn.

The Depressed Gold and Commodity Market has created a Tremendous Buying Opportunity for the Resource Investor

I think the gold price is going to rise over the next 1, 2, 3, or 4 years, so we expect all gold companies and their shareholders to benefit significantly from this upward trend that is just starting. During our interview, Ivan Bebek commented, saying

“This is the best asset we have started with, in comparison to the previous companies that we have built. Committee Bay has the highest grade, the most initial ounces, and the largest prospective mineralized land position.”

But remember, they delivered over 500% gains for investors in a down market, so imagine what they can do in a flat market or potential up-cycle.

  •  

    Stanley Druckenmiler, one of the most successful hedge fund managers ever, recently disclosed a 21% gold holding last August. In his previous filing, it was a zero, so I think it’s safe to say what’s about to happen to the gold price and shares will be a real stunner to mainstream economists.

  •  

    Former CIA Advisor and author of Death of Money, Jim Rickards, is forecasting a $10,000 gold price.

  •  

    And President Ronald Reagan’s former Treasury advisor has recently suggested gold in 2016 is about to see a violent surge higher.

  •  

    Goldman Sachs pointed out last year that the world has seen peak gold and that a geological shortage will drive prices higher in the years to come.

The sharp drop-off in new gold discoveries being made in the past 5 years and the global financial uncertainty we have witnessed as of late, in my opinion, are leading to high demand for new ounces by the major and mid-tier gold companies to maintain their growth. As an investor, I am looking forward to the kind of gold markets where investors can “once again” make 10 to 30 times their money again over the next 2 – 5 years.

Committee Bay Map

The land position itself encompasses claims extending 180 miles along a highly-endowed gold belt. Numerous prospects with grades of greater than 8 g/t Au can be found right across the belt. The Three Bluffs deposit that centers the district remains open in multiple directions, providing lots of room for expansion.

Potential Emergin Discoveries - Auryn Resources

In addition, the belt also contains many potential emerging discoveries from intercepts in initial drill tests in the 4 to 30 g/t Au gold range. In 2016, Auryn followed up on just one of these targets and drill results yielded 16.76m of 10.36g/t (including 12.19m of 13.89g/t) and 28.96m of 1.41g/t (15WPPR001)

 

Ivan Bebek Executive Chairman

Ivan Bebek

Executive Chairman

Mr. Bebek has over 15 years experience in financing, foreign negotiations, and acquisitions in the mineral exploration industry. His understanding of the capital markets and ability to position, structure and finance companies that he has been associated with has been instrumental in their successes. Mr. Bebek formerly was the President. CEO and co-founder of Cayden Resources Inc., which was sold to Agnico Eagle Mining Limited for $205 million in November 2014, a co-founder and a Director of Stratton Resources Inc. and a co-founder of Keegan Resources Inc. (now Asanko Gold).

 

Shawn Wallace - President and CEO

Shawn Wallace

President & CEO

Mr. Wallace has been involved in all aspects of the mining industry, from mineral exploration and project management, to financing, mergers & acquisitions, and corporate development. Over the past 25 years, Mr. Wallace has been instrumental in building numerous high-quality mineral exploration, development, and production stage companies including co-founding Cayden Resources, which was acquired by Agnico Eagle Mining for $205 million in 2014. Mr. Wallace is also a co-founder and Director of Asanko Gold Inc. and Stratton Resources Inc.

 

Michael Henrichsen

COO

Mr. Henrichsen is a structural geologist who is leading the Auryn technical team. Previously Mr. Henrichsen was the global structural geologist at Newmont, where his contributions significantly increased the reserves and resources base in the Ahafo district Ghana. Mr. Henrichsen has also worked extensively at other major gold camps in South America, the Carlin Trend, Guinea, and Canada.

AUG’s Committee Bay Asset

AUG’s Committee Bay asset is unique for a junior mining company to hold, as it has nearly $100 million of investment over the past 20 years. The project includes three turn key exploration camps that would have cost $25 to $30 million to assemble. The main camp includes drills, housing for 100 people, heavy equipment, and an airstrip. All of this was acquired by AUG through their $18 million takeover of North Country Gold Corp. in late 2015. It should be noted that in a better gold market, North Country Gold had a market cap in excess of $200 million based solely on the Committee Bay Gold Project!

I asked Ivan how Auryn plans to explore Committee Bay and what shareholders can look forward to. Mr. Bebek commented, stating

“The opportunity in Committee Bay is to explore a high-grade gold greenstone belt and to potentially discover world-class gold deposits in a rising gold market.”

He further mentioned

“Shareholder value will come through discovery, which Auryn will be focused on and will have a great opportunity to achieve this summer in an aggressive exploration program that is being planned.”

Camps

Ivan and Shawn’s mission is no different than with their two previous companies that delivered 9 times and 5 times returns. What’s different this time is the company’s flagship asset, Committee Bay. It is the highest-grade gold asset, has the largest resource base, and has the largest prospective land position they have ever started with.

Michael Henrichsen, AUG’s Chief Geologist, summarizes the project in a few words:

“Committee Bay represents a unique opportunity globally to explore an entire gold belt for multiple deposits in a first-rate jurisdiction. We are assembling a major’s exploration portfolio within a junior resource company.”

Committee Bay Overview

Expect more from Auryn Resources than just Committee Bay

Auryn’s plan is to acquire the best possible assets they can, globally. No doubt, these guys are swinging for the fences and expect more district-scale projects to be coming through AUG’s door.

This is an aggressive company, with the knowledge and experience of having done it before, which is why I expect AUG to be a strong performer in 2016 and beyond. The gold market has started to improve in recent weeks, and Committee Bay will have an exciting summer drill and exploration program in 2016 that will be an important catalyst for the company moving forward.

The opportunity for current shareholders is the exposure to a potential significant discovery at Committee Bay in 2016, and leverage to underpriced assets in a rising gold market.

Bullboard Posts