Surface samplesI'm sure if this was a bre-x type scam, talented people would have pushed this puppy way beyond $1.27
Here are ARU's surface samples:
"Grab samples from outcrops within the 7km have returned assays of over 1g/t Au and up to 330 g/t Au."
https://www.aurelian.ca/dynamic/press/pr-2006-01-18.pdf
I never looked up the dilution for ARU around Jan 18/06, but the prices seemed to be similar to Plexmars a current price... A few months before drilling.
Details on some of The Escondida project represents one of the largest land positions in the Cordillera del Condor near Aurelian Resources' Fruta del Norte gold discovery. The project covers 84,110 hectares (841.1 km2) and borders Aurelian's large land package on the western flank and north of Corriente Mirador project. Fruta del Norte is believed to be the most significant gold discovery made by a junior miner in over a decade. Corriente is planning to produce annually 250 million lbs. of copper starting in 2008.
During its due diligence process on the Escondida I and II concessions, Plexmar took 44 samples, 12 returned anomalous values of gold and the best values were: 14.2 g/t, 38.4 g/t, 91.4 g/t and 396.0 g/t Au confirming the high potential of the area. The samples are located on the Escondida II concession adjacent to Aurelian's ground and approximately 8 kilometers northwest of Fruta del Norte.
Cheers
Mike