Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Focused on Discovery: Highlights from Aurania Resources Investor Webinar
As of April 24, 2020, Noble Capital Markets research on Aurania Resources is published under ticker symbols (AUIAF and ARU:CA). The price target is in USD and based on ticker symbol AUIAF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. 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 of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Investor webinar. Investor webinar. Aurania recently hosted a webinar for investors and discussed its current drill program and exploration strategy. The company completed Hole 4 at the Tiria-Shimpia silver-zinc target and is awaiting drill results in December before deciding whether to drill a fifth hole. Another rig at the Tsenken N1 copper-silver target just started on Hole 9. While sequencing is fluid, it appears the intrusive-related Awacha and Tatasham copper-gold porphyry targets are next in line, respectively, followed by the Latorre C epithermal gold-silver target.
Updating estimates. Aurania does not generate revenue as an exploration company and incurs expenses to advance its projects. Third quarter expenses were higher than our estimate, largely due to greater exploration expense. While we have increased our 2021 loss per share estimate to $(0.53) from $(0.47), we are reducing our 2022 loss per share estimate to $(0.25) from $(0.47) due, in part, to lower ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the 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.