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Aurex Energy Corp V.AURX.H

Aurex Energy Corp. is a Canadian resource company. The Company is focused on the acquisition, exploration, and development of a diversified portfolio of resource properties that includes natural gas, base metals, and gold. It operates natural gas reserves in the Barnett Shale, Texas, and is exploring and developing four mineral projects in two mining jurisdictions, Nevada, United States of America and Saskatchewan, Canada. The Company's projects include the Cook Gold Project and Craig Lake Project. In the Cook Gold Project, the Company owns a 70% working interest in 88 lode claims, covering 7.4 square kilometers (sq km), located 100 kilometers (km) northwest of Winnemucca, in Humboldt County, Nevada. The property provides gold and copper mineralization. The Company owns a 100% working interest, subject to a 3% net smelter returns royalty, in one mineral disposition covering 2,764 hectares near Craig Lake, Saskatchewan near Flin Flon, Manitoba.


TSXV:AURX.H - Post by User

Bullboard Posts
Comment by STOCKRUSon Nov 23, 2011 11:12am
234 Views
Post# 19261404

RE: RE: CPC

RE: RE: CPC

There are 107 M shares I/O with insiders holding ~ 60-70%

There is a potential for 1 M ozs of  Platinum, but no resource calculations / reports yet.

I would expect further drilling this winter will provide more geo data to compile some numbers / tonnage.

Below are 14 reasons why I consider Canadian Platinum a company worth investing in:

1.       Canadian Platinum has Canada and the World’s newest significant platinum discovery.

2.       Saskatchewan is one of the most stable mining environments in the world.

3.       The Swan Lake Complex is the world’s largest unexplored ‘Bushveld’ like complex.

4.       Ultramafic rock is the host rock for platinum group metals. The Swan Lake Complex is North America’s largest ultramafic complex.

5.       Management has a great track record of new discovery prospects.


6.      
Management was the founders of Anglo Potash.


7.      
Management represented the first junior potash project in Saskatchewan (Anglo Potash).


8.      
Anglo Potash signed a deal with BHP as a partner in 2006.


9.      
Anglo Potash was bought out for $284 million in 2008.

10.  
BHP is developing the world’s largest potash mine on Anglo Potash’s Jansen Lake site.


11.  
“Saskatchewan has some of the best platinum group occurrences in Canada if not the world” – from the Geological Survey of Canada.


12.  
South African production of platinum group metals is becoming more unstable and unreliable with every passing day.

13.   Over 76% of the world’s platinum group metals come from South Africa with the current and real threat of nationalization looming.


14.  
Demand for platinum group metals is forecast to grow as the auto catalyst and jewellery markets expand in India and China (catalytic converters are used to reduce CO2 emissions in vehicles).

Bullboard Posts