AUR10 Dec 2013 11:06
MiningMaven - #AurumMining (LON:AUR)
Sometimes you have to go off-radar to find the opportunities. Aurum Mining (LON:AUR) is, right now, pretty much off-radar. Few investors realise the potential this tiny £3mn cap Gold company holds. The company is now solely focused on Spain, with three highly prospective gold projects (in joint Ventures with Ormonde Mining (LON:ORM) (which helps defray the cash burn), and a clutch of equally prospective 100% owned Tungsten permits. Most of the focus to date has been on the company’s Pino, Cabeza and Peralonso gold projects, but the company is also eager to progress the Morille Tungsten permit area and investors will probably be aware of the recent excitement generated by other Tungsten plays on the market. You won’t find the management team at AUR jumping up and down like excited bunnies, they seem to be more focused on building a technically strong portfolio of assets and driving forward operations within the usual financial limitations of small caps. Right now the market reflects very little value or potential, but we have started to notice some early signs of investor interest coming in this week.