OTCPK:AUMTF - Post by User
Post by
goldstockbullon Sep 08, 2015 7:54pm
203 Views
Post# 24087432
AuRico Metals is the New Royalty Kid on the Block
AuRico Metals is the New Royalty Kid on the Block Within their royalty portfolio, there is plenty of upside and growth potential. Young-Davidson has a mine life of 17+ years, Fosterville recorded production in 2014 and returned positive drills results in 2015, and the Stawell Royalty commences on January 1st of 2016.
The share structure is reasonable with 118 million shares outstanding (123 million after acquisition of Mineral Streams). Van Eck owns 15% of the company and Sandstorm owns 12%, after buying another 2% recently in the $0.51 to $0.55 range.
AuRico Metals is a company to watch throughout the remainder of the year and into 2016. As they build their royalty portfolio and gold prices begin heading higher, we could see excellent returns for investors willing to snap up shares in the early innings.
https://goldstockbull.com/articles/aurico-metals-is-the-new-royalty-kid-on-the-block/