Dabbler - AUR Sources of Production"AUR likely going on a pretty good run but may be short lived. Seems to me their only current source of production will be caput early 2005. Don't see anything to take it's place in the short term. Enjoy it while it lasts and good luck!
dabbler"
Dabbler, PLEASE! Read the freakin annual report. One or Aur's smaller mines, Louvicourt, will be shutdown in 2005 it is about 13% or AUR's production and revenues.
Quebrada Blanca, approx 71% of AUR production has a mine life at lease until 2015 will lots of potential to increase the reserves with more drilling.
The Annocollo (sp?) is AUR's other big mine 16% or production has reserves until at least 2009, also with increases of reserves available with some more drilling.
AUR has a compounded 15% return on equity over the past 20 years, something that no other mining company on the TSE can boast. Slow and steady wins the race.
AUR is a solid investment. Put it in your RRSP and forget about until you want to retire, don't worry about why they are not doing penny stock promotions. AUR is not selling shares or raising money right now because they have all the financing and cash they need without having to dilute the shares currently outstanding.
I stick with my estimate that AUR will be $9.00 by the end of the year.
Cheers