AUR 0.00% 0.7¢ auris minerals limited

And FEL has no money and they don't do any mining (not since...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 723 Posts.
    lightbulb Created with Sketch. 71
    And FEL has no money and they don't do any mining (not since 2009) - part of Tony Sage group.

    The way FEL will go is when it comes to mining, FEL won't put their hand in their pocket - they will sell their 20% share for as much as possible and take some royalty position.

    So AUR has to plan on taking the full cost of the mine development.

    But it may be better to get into a JV with someone on Wodger with mining experience - similar to recent deal between Gold Road (GOR) did with Goldfields.

    Goldfields paid $350m for 50% of Gruyere Deposit and Goldfields will pay half of $507m development cost and also pay up to 10% overrun costs ($50m).

    GOR left with huge area to explore with a big kitty. Spending $30m this FY.

    Very similar to AUR with large land holding.
    Last edited by The Mole: 25/08/17
 
watchlist Created with Sketch. Add AUR (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
0.000(0.00%)
Mkt cap ! $2.383M
Open High Low Value Volume
0.6¢ 0.7¢ 0.6¢ $14.8K 2.460M

Buyers (Bids)

No. Vol. Price($)
2 811638 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 736892 4
View Market Depth
Last trade - 16.10pm 14/11/2024 (20 minute delay) ?
AUR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.