I read this site for humor every once in a while. I think many here cannot see the trees from the forest. Argue over whether the stock is manipulated by crooks or others. I think one should consider the environment of the commodity markets over the past couple of years. And what the impact on a deal would be assuming everything is on the up and up.
Copper is basically at half the price of what it was several years ago. Gold is 40% off of the highs.
Valuations of proven reserves in established companies have been crushed. It is very expensive to raise equity right now based on current values of the commodities. Freeport had to raise cash a few months ago at a fraction of what the stock sold for 5 years ago.
Given the overall environment and the over supply of metals on the market and China the biggest consumer struggling with it's economy no large mines are going into production.
Let's assume it is all on the up and up, Auruyn will continue with the "free option" it has for three years doing the minimum to not forfeit the option. If material/metal costs recover they may proceed. So until then just expect information updates from time to time, nothing terribly negative for the next couple years. They will at expiration assess the overall markets and look for a larger partner or sale. If the metal market is poor they will just walk.
The is assumes this is all on the up and up and not just a pump and dump. Do not expect any price appreciation of significance on any news. Miners are not making money right now and it is part of the market most investors see as the negative part of the market.
News 
Market Data 
Discover 
