Aurania Resources Ltd V.ARU

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

Metals & Mining Industrial Metals & Minerals

Aurania Resources Ltd. is a 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. It holds 100% of the Lost Cities - Cutucu project that covers approximately 208,000 hectares (ha) in southeastern Ecuador. It has also applied for mineral concessions in adjacent northern Peru, and for an exploration license in the Brittany Peninsula of northwestern France. Epithermal targets for Gold-Silver include Kuri-Yawi, Tatasham and Kuripan. Intrusive-related copper targets include Tatasham and Awacha. It has discovered a 15-kilometer-long trend in which silver-zinc-lead-barium occurs in the Shimpia target area, which is enclosed by the various Tiria epithermal gold-silver targets.

TSXV:ARU - Post by User

Aurania Resources Ltd

Bullboard Posts

Post by joeking09on Oct 21, 2007 12:23pm

489 Views

Post# 13611174

even if

18mil.ozs x 90%recovery rate=16.2mil.ozs x $600(anal ists long term gold price)=9.720 billion: 20 yr mine life,yearly production 700,000ozs/yr x $600=$420m-140(200operating cost x 700000)=280-150(3b or 20/share fdn buy out amortized 20yrs)=130-25(500mil mine cost/20yrs)=105-42(EVEN IF 10%royalty)=63mil.pretax profit: $3,500mil invested $1,260mil(63mil.yr x 20yrs) ROI=36%++: SO EVEN IF mini-me grabs 10%(even if 15%) the ROI is huge. bring on the royalty# so the bidding war can begin-joe

Bullboard Posts

BMO evolves InvestorLine with enhanced tools for options trading