Opinions
Jaime Carrasco
Aurion Resources
AU-X
HOLD
Jan 23, 2020
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.
$1.900
Stock price when the opinion was issued
Mining
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WATCH
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.
Mining
BUY
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.
Mining
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