Brent Cook
Aurion Resources
AU-X
WATCH
Mar 06, 2017
Bought this 4 or 5 years ago by a private placement. It didn’t do well. They’ve restructured the company and kind of firmed it up. The geologist running it is good and smart. Has a joint venture with B2Gold (BTO-T) looking at a very prospective ground in Finland, probably one of the top places to be exploring. Just recently released some results of some surface sampling and found large boulders with visible gold in it. If subsequent drilling can confirm that there is some continuity to that, it is an interesting speculation. He would watch this.
He visited their prospect in Finland last fall. Excellent managers and geologists. Drilling has been more difficult than expected. They have $15-20 million still going, and joint ventures with Kinross. He's now waiting to see if they've found something substantial.
Brent Cook: They have a virgin discovery in Finland. Smart guys running it. Good share structure with plenty of cash. They're finding lots of high-grade vertical structures. He's watching to see if they can execute to get the number of ounces they need.
They're Finland mine could be a massive find; they're starting to drill only now. More drilling results will continue to come in. They could add big ounces quickly. Eric Sprott just took a 5% position and Newmont is at 4.5%.
Buying it for new clients. Exploration play in Finland. Easy access, high grade, at surface. Lots of potential. Not a growth story, this is an exploration story. Quite a bit of upside.
It's an exploration play, and they've found high-grade gold in Finland. Keep in mind that other companies are also exploring, so you should own 4-5 out of 40 of these companies. Exploration is the riskiest (and most fun) part of this sector. AU's drill results so far have shown some great grades. He still likes AU and he keeps adding to it.
Attractive exploration company.
Compared to other companies, not as good.
Does not own shares.
Waiting for more drill results before investing in company.
Attractive political jurisdiction.
Good management team and shareholder base.
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Bought this 4 or 5 years ago by a private placement. It didn’t do well. They’ve restructured the company and kind of firmed it up. The geologist running it is good and smart. Has a joint venture with B2Gold (BTO-T) looking at a very prospective ground in Finland, probably one of the top places to be exploring. Just recently released some results of some surface sampling and found large boulders with visible gold in it. If subsequent drilling can confirm that there is some continuity to that, it is an interesting speculation. He would watch this.