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0.00% 0.7¢ auris minerals limited

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

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  1. ferrisb
    89 Posts.
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    15/05/18
    11:44
    Post #: 33101155
    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.
    AUR Price at posting: 9.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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