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Aurania Resources (ARU.V)
Employing Big Data in the Rainforests of Ecuador
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.
- Employing Big Data. Aurania recently engaged Metron, Incorporated to provide data analytic and statistical analysis services to aid the company's search for two historic gold mining centers, Logrono de los Caballeros and Sevilla del Oro, both believed to be within the Lost Cities project area. While the process likely works best for narrowly defined search criteria, we believe Metron's services may go beyond facilitating the search for the two lost cities and could be helpful when prioritizing areas of interest and making decisions regarding concession renewal.
- Practical application of Bayesian theory. Metron's process uses a Bayesian framework to integrate data collected by...
*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.