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Aurania Resources Ltd V.ARU

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

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

Bullboard Posts
Comment by Salidaon Oct 25, 2007 8:43pm
169 Views
Post# 13692400

RE: Question

RE: QuestionI can answer that as I am a shareholder of DMM and fairly knowledgable about the situation: here's what I think: DMM has been doing better than ARU because: they have received permitting, which is a symbol of a vote of approval from the government - note here that the CEO Robert Washer is well connected in Ecuador - mitigates the political risk, he has been in there for a long time, has good relations with the ministry of mines, so his company flys under the rader, bottom line, less political risk. Ok also, if you do an oz in the ground valution of DMM compared to Aurelian, its actually a cheaper stock. And its closer to production. And their is great exploration potential for DMM as well. I think DMM has actually not outperformed, but is actually in the process to catching up to Aurelian. It's way undervalued, as a near term producer, I see the stock going to $15 over the next year. If anyone else has info on DMM they want to share I would love to hear it. I hold both ARU and DMM but I am slightly partial to DMM because their deposits are not so high profile, so I feel their is less political risk. Everyone knows Aurelian's deposit is the motherlode, and I imagine their will be more political give and take when it comes time to mine it.
Bullboard Posts