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Aura Minerals Inc T.ORA

Alternate Symbol(s):  ORAAF

Aura Minerals Inc. is a mid-tier gold and copper production company. The Company is focused on operating and developing gold and base metal projects in the Americas. It has four operating mines, including the Aranzazu copper-gold-silver mine in Mexico, the Ernesto/Pau-a-Pique Project (EPP) and Almas gold mines in Brazil, and the San Andres gold mine in Honduras. The Company’s development projects include Borborema and Matupa, both in Brazil. It has unmatched exploration potential, owning over 650,000 hectares of mineral rights and focuses on advancing multiple near-mine and regional targets along with the Serra da Estrela copper project in the prolific Carajas region of Brazil. The Company has the right to explore the Pe Quente and Pezao Projects in the State of Mato Grosso, Brazil. The Aranzazu Mine is an underground copper mine that is located within the Municipality of Concepcion del Oro in the State of Zacatecas, Mexico. The San Andres Mine is an open-pit heap leach gold mine.


TSX:ORA - Post by User

Bullboard Posts
Comment by whitehorn1on Aug 18, 2015 10:51pm
101 Views
Post# 24030238

RE:Re: RE:I don't mind being proven wrong in saying this.

RE:Re: RE:I don't mind being proven wrong in saying this. jonforris, I agree totally with all your comments. Mainstream media is extremely negative on commodities, and I recall a similarity to 2002. It was mentioned recently a commodity index in comparison to today and that time was also extremely bearish. Now, 2003 was the start of that bull run in commodities till the financial collapse. In essence, I think we are probably at or near the worst of this bear market at present time. Also, no one knows when bottom has been reached as there are no indicators until you go back in time i.e. fast forward a year(s) for analysis. One comment on the price of gold has always drawn skepticism on my part. I just wonder how gold companies made considerable money when gold was at 500-800 around 2005-2007ish. In fact that is when I made most of my money in gold stocks. I believe the better gold deposits (g/tonne) have been developed but there still are some deposits which are just as good as those 10 years ago. Has the govt, environment, American lawyers in developed countries rewriting the rules, royalties taking a considerable chunk out of the pie? My worry gold could get to 1500 dollars and that scale moves proportionally. However, in a downturn many services get cheaper but appears politics, govt., or ? continually appear to get "big" slices of the pie. It is very confusing where I've heard at least 25 percent of all miners can't make a buck at 1100 gold but in comparison 10 years ago at 500-800 gold price was very profitable.
Bullboard Posts