AUR 0.00% 0.7¢ auris minerals limited

Ann: Sandfire Identify Massive Sulphides at Morck's Well, page-11

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  1. 89 Posts.
    lightbulb Created with Sketch. 4
    VERY back of the envelope....

    SFR had market cap of $1.305B yest. It's up +5.88% = $76M market cap added today*

    SFR has 70% of project (again, somewhat simplified).

    At 30% interest = SFR's move would equate to +$32.9M market cap.

    Which would push AUR to ~13.85c based purely on replicating SFR's move on AUR.

    Thoughts?




    Obviously many factors control share price movement, but arguing for now today's move is only due to Morck's Well announcement.
 
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