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  5. AUMC: AUMC This is a strong buy out of USA A uranium potential with a 1000 % upside Ever hear of it ? [Auric Minerals Corp.]
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Q: AUMC

This is a strong buy out of USA A uranium potential with a 1000 % upside

Ever hear of it ? RAK
Asked by bob on December 09, 2024
5i Research Answer:

AUMC is very tiny at only $29M market cap. Shares have gone up every day for more than a month, following its listing an acquisition of another company. The company has 11,025 Ha of development property, consisting of 441 claims in Newfoundland. The area has seen some signs of uranium. This is a VERY early stage project and risks are extreme here. Insiders own 22% and we can't say it does not have potential, but the exploration is going to take years and millions more in capital. We can't endorse it due to its early stage high risk.