Impact: Positive
Ongoing drilling from Aurion’s Aamurusko prospect at the company’s Risti Project (100% owned) in northern Finland continues to demonstrate the scale potential and high-grade nature of the mineralization. This drilling added to the statistical significance of the higher grades and support our investment thesis. The company is fully funded for exploration through 2020, and our fair value estimates of C$3.25/sh is reflective of the company’s continued exploration success.