AuRico Metals Inc. (fka ARCTF)

[hitman558]

Tidbit from The Gold Reports interview with Ralph Aldis, portfolio manager at U.S. Global Investors

"One other company is AuRico Metals Inc. (AMI:TSX); the company has royalties on the Fosterville deposit, which Kirkland Lake Gold Inc. (KL:TSX; KLGDF:OTCQX) owns in Australia. Fosterville has just been knocking it out of the park with some great resource additions at higher grades. AuRico is benefitting from that. But it also has the Kemess development project, which was the original Northgate Minerals Corp. (NGX:TSX, NGX:NYSE.MKT) Kemess mine. All the infrastructure is there; it's been on care and maintenance. It may be now that that deposit is going to become economic again at the metal prices that we're seeing today. AuRico has an opportunity to redevelop it. It's been adding to its team. AuRico may end up being a royalty company. It may end up being a development company. It may end up having a partner come in. There's more than one way that it can make some money and create some wealth with its asset base. I'm very positive on AuRico Metals, too."

Full interview here:

https://www.streetwisereports.com/pub/na/17550