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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 DaycareKid007on Feb 06, 2008 6:04pm
345 Views
Post# 14328987

RE: WHEN?????

RE: WHEN?????The money isn't flowing into the junior gold stocks yet. Given the market conditions there is a flock to the bigger names, the large and mid cap producers are where people are comfortabe putting their money. Also, some people don't feel as though the current gold price is substainable. I feel that once gold breaks 1000 and remains above 1000 there will be more movement into junior gold stocks as that is where the real money will be made. As for ARU I am pretty confident that when all this uncertainty is settled it will be bought out fairly quickly. In the February International Speculator Doug Casey has a buy recommendation on ARU under $8.00. He doesn't think that the government will disrupt investment in the country. As for the "tax on extra ordinary profits" ARU will still be profitable if imposed at the current price.
Bullboard Posts