Aureus Mining: The Sell-Off Is Overdone, Shares Have 30% Near Term Upside
- Aureus Mining is a near term gold producer in Liberia that is fully funded through the construction phase of its New Liberty Project.
- Shares have substantially under-performed, although this is probably due to a supply overhang from recent secondary offerings than a fundamental problem with the company.
- The company's New Liberty Project will be a low cost producer for most of its 8 year mine life, and its DCF exceeds the market capitalization of the company.
- In addition the company has a massive exploration package with at least two early-stage discoveries that make this a compelling exploration stock longer term.