Vanadis IPO, page-241

Thanks Trade,

The uranium rise may take several years to get into full swing where as the Vanadium bull is in full throttle. Holding Tiris alone could become problematic as any delay or problem and we have little to fall back on. It's a matter of whether Aura can extract better value from an IPO or from directly controlling the asset?​

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Tasiast South (When we get the permits), is an early greenfield unknown. Haggan is an established multi element play. Why spend money pursuing Tasiast South when you could try and fast track Haggan? Then there are the down stream opportunities. As the project is developed and the value becomes undeniable, it will surely become the target of a take over?​

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