Price in Canada now inline with Brazil AURA33Price gap between TSX ORA $14.20 and Brazilian market Aura33 $57.60 has been closed.
Brazilian real trading today at 0.2462 to CDN. Volume has been healthy in Brazil 4x tsx today and it is now setting the trading price in Canada. When Aura first started to trade in Brazil it would lag the Canadian market price.
Decemeber we should be getting news on Gold Road commercial production and update on other exploration and replacement of gold reserves. Aura still not getting the respect for its low cost $1.40 a pound copper silver mine in Mexico where production should be up extra 30% after they expanded the mine. Copper is up again today at $3.50 a pound started Nov at $3.04 pound up 15%. Patience has always been required and more so with Aura the new managemnt continues to impress. Canadian broker coverage.is still non existent which is a surprise considering this is I think a best in class mid tier $964ml market-cap producer with a possible 50% production increase in the next two years. Currently no respect for over #228,000 oz's/yr production, my guess the market thinks they will run out of gold in 5yrs. Company has been replacing all current oz's with new exploration drilling, best way to eliminate this concern is to drill more oz's and start building new Almas mine asap.