Always a good refresher...... ARUWorld Class Gold Deposits
A recent BHP Billiton study, presented June 8th, shows that ‘World Class
Gold Deposits of over three million ounces are very rare, and very hard
to find. After studying 143 discoveries between 1985 and 2003, BHP
Billiton concluded that only seven 10 million+ Gold discoveries haven
been made since 1985.
Since 1999, not even one was discovered. But more important they also
discovered that 90% of the biggest discoveries aren’t stand alone
deposits but were part of a mining camp. So gives extra credence to the
idea that this Discovery is only the first major one with thirty other
targets waiting to be drilled on a relatively small area.
On the website of Aurelian we found the following comparison of the
best intersections of the world’s largest discoveries.
Aurelian FDN (2006) 189m 24 gr/tn
Lihir (1996) 272m 5 gr/tn
Goldstrike (1989) 164m 14 gr/tn
Mesel (1989) 133m 8 gr/tn
McLauglin (1978) 121m 6 gr/tn
Sleeper (1984) 102m 28/tn
Arequipa (1996) 77m 5 gr/tn
Eleonore (2004) 23m 15gr/tn
Conclusion
We can expect positive drill results of at least five more holes adding
millions of ounces the coming weeks. The coming results will alert the
mainstream press and other Gold letters which haven’t published this
story so far. More and more investors will have a part of this one-in-alifetime
discovery Aurelian. With only 30 million shares outstanding we
think Aurelian at $21 is now less risky than at 90 cents a half a year ago.