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| | Corporate Profile: African Aura Resources Ltd
Publisher: Kaiser Research Online
Author: Copyright 2008 John A. Kaiser
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African Aura Resources Ltd (AAZ-V)
| African Aura Resources Ltd is headed by a London-based group which includes John Gray, David Netherway and Steven Poulton that has substantial experience exploring in Africa. African Aura, which listed on the TSXV in March 2008 through a $7.9 million IPO, has been engaged in grassroots exploration in Cameroon and Liberia since 2004. Although gold in sheared Archean greenstone rocks are the primary target, African Aura also investigates the iron ore and uranium potential it encounters. The flagship project is the 100% Batouri license in Cameroon where drilling in 2008 focused on the Kambele prospect. African Aura has 600,000 ha of licenses in Cameroon and 400,000 ha in Liberia. In April 2009 Africa-focused Mano River Resources offered 1.57 Mano River shares per African Aura share, a proposal that was accepted, with a definitive merger agreement signed on July 1, 2009. |
Key to Understanding IPV Charts and Spec Value Hunter Tables
| An IPV Chart is a graphical presentation of a Spec Value Hunter table that has been constructed according to the Rational Speculation Model developed by John Kaiser. The IPV Chart allows speculators to identify which projects offer poor, fair or good speculative value in both absolute and relative terms. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted capitalization, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production. |
| Green background indicates the dream target judged appropriate for this play by John Kaiser - otherwise unranked. |
Poor Speculative Value -   |
Fair Speculative Value -  |
Good Speculative Value -   |
| Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits |
| Click on the company name to view the company profile, the project name to view project details. |
| Click on the project icon if its background is shaded to get the IPV Chart for that company. |
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