Auryn Resources - Little Less Conversation, Little More Action Please
Matthew Gordon, Ptolemy Capital
11 Months ago
Interview with Ivan Bebek, Exec. Chairman of Auryn Resources (TSX:AUG)
Auryn Resources is a focussed gold, silver and base metal junior exploration company. Auryn Resources has seven projects. Their two flagship projects are the Committee Bay (high-grade) gold project in Nunavut, Canada, where they have spent a lot of money drilling and exploring without getting the results the market was expecting and the share price has been punished for that. And they are being shorted. Sombrero, their copper-gold project in Southern Peru, seems to be the current focus of time and attention.
Bebek is articulate, intelligent and can tell a story. And the company is well priced currently, but they need to raise money in Q1/20, c.$15M-$24M. And then they need some solid drilling on Sombrero, once the drill permit comes in. Less talking and more doing in 2020 is the message.
Crux Investor is a new market insight channel for those interested in understanding the junior mining world and opportunities to invest. Its purpose is to cut through a lot of the jargon, bias and bluster that is prevalent in this sector and hone-in on the most important factors that can indicate whether a company has a strong footing for growth and success.
Get an insight into how institutional investors evaluate the natural resource market. Hear from some of the most influential and successful people in the industry about how they made money investing in public markets. Learn key strategies, tactics and questions to allow you to make better, informed, comparative assessments.
Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.