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Aurania Resources Ltd V.ARU

Alternate Symbol(s):  AUIWF | V.ARU.WT.B | AUIAF

Aurania Resources Ltd. is a Canada-based mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities-Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes-mountain range of southeastern Ecuador. The Company holds a 100% interest in the Lost Cities Project, comprised of certain mineral concessions covering approximately 207,764 hectares (ha) in southeastern Ecuador. The Company’s land position in Peru consists of a total of approximately 130 concession applications and concession titles covering 128,700 ha. The Company has no steady source of revenue.


TSXV:ARU - Post by User

Bullboard Posts
Comment by sellig62on Dec 09, 2006 9:13pm
175 Views
Post# 11838716

RE: About the "Ecuador Risk" factor...

RE: About the "Ecuador Risk" factor...I agree with your post 100%. I would add that Ecuador lacks the financial and technical ability to exploit the resources ARU is exploring for. We are still in the exploration phase. It makes no sense for the government to step in a this stage. There are over 30 anomalies left to explore on ARU's property. A resource determination won't be performed until late 2007 at best. In the best of scenarios, FDN won't be mined for another five years. If the Ecuador government seizes it now, it may never be mined. There will always be a discount on ARU because it's not in a risk free country but I strongly believe that ARU's value will follow the discoveries made in the next months anyway. The situation might even turn to the shareholders advantage as it could delay a takeover until ARU has uncovered a much greater value with discoveries. I think patience will be rewarded here.
Bullboard Posts