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| | Corporate Profile: Aurora Energy Resources Inc
Publisher: Kaiser Research Online
Author: Copyright 2013 John A Kaiser
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Aurora Energy Resources Inc (AXU-T)
| Aurora Energy Resources Inc went public in March 21, 2006 at $3.60 as a spin-off of uranium assets in Labrador owned by Altius Minerals (43%) and Fronteer Development Group (57%) and held as its flagship assets 100% of the Michelin uranium deposit and a large land position in Labrador's Central Mineral Belt. Michelin has a 43-101 indicated and inferred resource of 104,421,957 lbs of U3O8. Aurora spent $21 million in 2007 on infill drilling, exploratory drilling on additional uranium targets, and metallurgical testing, with the share price rising as high as $20 during this period. The share price subsequently slid as the uranium sector pulled back later in 2007, descending at a more rapid pace when talk of a moratorium on uranium exploration in Labrador emerged in early 2008, before reaching the $1.00 range in fall 2008. In January 2009 Fronteer Development, which retained ownership of 42% of Aurora, made an offer to purchase the balance of the issued and outstanding common shares of Aurora on the basis of 0.825 of a Fronteer common share for each common share of Aurora, a transaction which closed on April 21, 2009. At closing Aurora was valued at $154 million, including the $100 million in cash in its treasury. |
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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