Mother of all gold bulls is starting
If the price of gold keeps going up, the share-price of ARU has to follow.
If ARU has 15 million ounces, then each 100.00 increase in the price of gold adds 15,000,0000 x 100.00 = 1,500,000,000.00 U.S. (1.75 billion canadian) to the value of the gold in the ground.
This should equate to 50.00/share of extra value per 100.00 increase in the price of gold based on 15 million ounces. So, if 30.00/share is fair value right now, (I believe ARU is way undervalued) a 100.00/ounce increase in the price of gold should bring the share price to at least 80.00
So if the price of gold goes to 1600.00/ounce the added value to the share price in theory should be at least 9 x 50.00 = 450.00 cdn + present share price of 30.00 = 480.00 a share
If ARU can avoid being bought out, and if the price of gold does hit the 1000.00's per ounce, then this stock can easily trade for 300.00 share.
The up-side potential for this stock is off the meter... Like I've said before, if the political situation becomes a non-factor, the restraint on this stock will be lifted and this thing will soar like an eagle...