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Aurum Lake Mining Corp T.ARL


Primary Symbol: V.ARL

Aurum Lake Mining Corporation is a Canada-based company. The Company’s principal business is the development and exploration of the Homathko Property, located in the Cariboo Region of British Columbia, approximately 57km south of the community of Tatla Lake which lies 222km west of Williams Lake. The Homathko Property consists of 35 contiguous mineral claims, encompassing a total of 30,971 hectares. The Homathko Property is an early-stage project that has undergone very limited exploration despite the established presence of high-grade gold mineralization. The Company focuses on evaluating and acquiring additional resource projects in other jurisdictions with low to moderate local political risk.


TSXV:ARL - Post by User

Comment by truthtotellon May 13, 2016 3:21pm
125 Views
Post# 24871676

RE:RE:For those who listened......100% Return from ARL

RE:RE:For those who listened......100% Return from ARLBefore you start your celebration, you might want to do a little digging. Yes, 100%+ is a great premium but it is nowhere near its true value. For the $CDN 71 million to be paid they get the project plus about $40 million in the treasury. Based on a feasibility study commissioned in 2006 by its then-owners Rubicon Minerals, with a 10% discount rate Kalukundi had an NPV of about US$163 MILLION. Yes, that is US dollars. Since then, it has gotten bigger and better. While cobalt price is off 9% the copper price is up 70%. In 2011 Africo announced that they had contracted to update the FS. For whatever reason, that does not seem to have been done. 1n 2013, they released the results of a 43-101 but curiously, under the "Mineral Reserves Estimates" and "Economic Analyses" sections it says: "This section is not relevant to this Report." I wonder why? Now, does this sound like the minority shareholders should be happy with? I won't bother going into the background of the controversial figure behind Camrose.
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