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AUREUS MINING INC T.AUE

"Aureus Mining Inc acquires, explores for and develops gold properties in the West Africa, specifically the New Liberty Gold Mine in Liberia. Its business segments are Liberia development, Liberia exploration, Cameroon exploration, and Corporate."


TSX:AUE - Post by User

Comment by ts9222on Aug 09, 2016 11:18am
286 Views
Post# 25122636

RE:Treetop has HUGE interest in aue but no cash

RE:Treetop has HUGE interest in aue but no cashAue is a relatively small percent of my portfolio so i went ahead and bought some more at 6c. I'm like you reefsandals4eva having gcm also. I have a lot more gcm than aue (18 wheel truck full compared to a small sedan) but couldn't resist buying more aue because of Treetop lol.

Aue is in a much better position now that they have restarted, compared to before when they were stopped. And the share price is near the same lows when they were stopped. When they were stopped, they didn't have the $19m cash ($4m+$15m added after Q2), plus $10m added to stockpile, plus much higher $1300 gold price. The higher gold price itself can make up the difference between optimised and not optimised.

Anyway Treetop why aren't you worried about the WAF you have been pumping instead of so concerned with aue? You have been pumping WAF for a long time now saying they have much higher grade and bashing other miners for low grade. They just put out a news release saying that most of their grade (over 90%) is only 2 g/t, not the high grade you have been pumping LOL. That is even lower grade than aue! They can mine out their high grade in a single year and be left with low grade 2 g/t.

You should be worrying about your non-producer that will need massive funding and massive dilution to get to production. Aue is in a much better position than a non-producer. Any small amount needed to optimise production pales in comparison to the massive funding needed for your non-producer. They haven't even finished drilling yet, let alone spend the years to build their mine.

See you on the WAF board Treetop! Fair is fair, since you go around declaring the sky is falling on other boards, I'll try to replicate your sky is falling on your WAF board lol.



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