Friday, May 31, 2019
Aurania Resources Ltd. (ARU:CA)
Adding To The Narrative …Above and Beyond The Lost Cities
Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
New copper-silver exploration concept. To date, Aurania’s copper exploration efforts have yielded encouraging results. While exploration has provided evidence of mineralized porphyries, management has been pleasantly surprised by evidence of sediment-hosted copper-silver deposits, traced over 22 kilometers. In our view, these findings could generate interest among major copper-oriented mining companies.
Updating estimates. Aurania recently filed its first quarter 2019 financial results. We are increasing our full year 2019 and 2020 loss per share estimates to ($0.39) and ($0.44) from ($0.36) and ($0.42), respectively. Our revisions reflect modestly higher operating costs. As an early-stage exploration company, Aurania does not generate revenues.
Get full report on Channelchek desktop.
*Analyst
certification and important disclosures included in full report.
NOTE: investment decisions should not be based upon the content of
this research summary. Proper due diligence is required before
making any investment decision.