What I told you end of November..-Just to say : ..Bossu have been following ARU for minimum 20 years when the deposit was there with a huge grade and outstanding potential deposit.
The company was fighting with the ''contra'' governing entity and the permit to operate was refused because of the unrest and struggling entity to govern !
At the time ARU was trading at $ 35 ...
So a long ago storey ......but I remenber very well about the deposit in this unfriendley country about mining gold but the deposit is still to be ''fully evaluated''
The storey is just beginning to unfold and the actual managment is just showing the potential of this deposit which at the time look to me a mirage !
So hang on
Second Post :
-Best mid cap gold producer
-lowest cash cost
-lower AISC
-high grade at 11 gr/t
-very decent production rate at 4100 t/d
-already 10 years proven and probable grade
-going to add another 10 years soon (From infer..)
-450 000 ounces per year production.
etc etc
Soon to be a $ 15 share price of course if LUG have some kind of collaboration with the gold price going forward !
Last production number at 476 329 oz
Production per day 4574 t/day
Grade at 10 gr/ton
probably a 20 years mine life !
If this company was operating in Canada the share price would be at $ 30 per share
I d'ont understand the fact that nobody is talking about this ''Gem''