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Aureus mining: speculative buy on West African prospects

By Robert Tyerman | Friday 21 February 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Aureus Mining (AUE) is heading for a lively 2014. First, the AIM-quoted company plans bring New Liberty, the West African state of Liberia’s first gold mine of modern times, to full production next year. Second, it has scored some decidedly pleasing drilling results at Ndablama, a gold project only 40 km. away. Chief executive officer David Reading suggests Ndablama could ‘potentially be a lot bigger than New Liberty.’



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