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Aurum Lake Mining Corp T.ARL


Primary Symbol: V.ARL

Aurum Lake Mining Corporation is a Canada-based capital pool company (CPC). The Company's principal business is the identification, evaluation and acquisition of assets or businesses with a view to complete a qualifying transaction. The Company has not commenced commercial operations. The Company neither engaged in any operations nor generated any revenues.


TSXV:ARL - Post by User

Comment by truthtotellon May 13, 2016 3:21pm
122 Views
Post# 24871676

RE:RE:For those who listened......100% Return from ARL

RE:RE:For those who listened......100% Return from ARLBefore you start your celebration, you might want to do a little digging. Yes, 100%+ is a great premium but it is nowhere near its true value. For the $CDN 71 million to be paid they get the project plus about $40 million in the treasury. Based on a feasibility study commissioned in 2006 by its then-owners Rubicon Minerals, with a 10% discount rate Kalukundi had an NPV of about US$163 MILLION. Yes, that is US dollars. Since then, it has gotten bigger and better. While cobalt price is off 9% the copper price is up 70%. In 2011 Africo announced that they had contracted to update the FS. For whatever reason, that does not seem to have been done. 1n 2013, they released the results of a 43-101 but curiously, under the "Mineral Reserves Estimates" and "Economic Analyses" sections it says: "This section is not relevant to this Report." I wonder why? Now, does this sound like the minority shareholders should be happy with? I won't bother going into the background of the controversial figure behind Camrose.
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