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Aurania Resources Ltd. (ARU:CA)
Adding To The Narrative ...Above and Beyond The Lost Cities
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.
*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.