The Investment Doctor
Long/short equity, value, debt, base metals

Amara Mining: Ignore The Two Smaller Projects But Buy It For Its Yaoure Project

Introduction

In this article I will try to find out whether or not Amara Mining (OTCPK:CLUGF) could be an interesting opportunity to gain more exposure to the gold price as the company has several operating gold mines in West Africa and calls itself 'the ten million ounce company'. I will use a bottom-up approach to derive a value for the entire company based on a sum of all the separate parts.

Source: corporate presentation

As trading on the US exchanges in shares of Amara Mining is quite limited I'd strongly recommend to trade in Amara through the facilities of the London Stock Exchange, where the company is listed with AMA as its ticker symbol. Volume is quite...

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