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Aureus Incorporated (OTCMKTS:ARSN) Hits The OTC

Aureus Incorporated (OTCMKTS:ARSN) Hits The OTC
Written by
Alex Carlson
Published on
August 9, 2016
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Aureus Incorporated (OTCMKTS:ARSN) has hit the OTC Markets with a bang. The company has quickly transformed into a price mover and a volume leader as a new gold mining play. The timing couldn’t be any better as Brexit concerns and global uncertainty have sent investors rushing into gold as a safe haven.Currently some of the smartest investors on Wall Street have been piling into gold. Among the latest big players buying the precious metal include billionaires George Soros, Stanley Druckenmiller, and John Paulsen. The uncertainty over the UK’s decision to leave the EU will linger for quite some time and will keep the Federal Reserve on the sidelines from raising interest rates. This is bearish for the US dollar and a positive for gold prices.While the big players on Wall Street buy gold, smart penny stock investors can buy junior gold miners. Here is where the most money can be made because of their blue sky potential. The big miners like Barrick Gold, Newmont Mining and Goldcorp all started off like ARSN with small market caps. Today they have market caps of $24B, $20B, and $15B respectively.Aureus Incorporated is a junior gold exploration and mining company with mineral interests in Nevada and Montana, both known for being gold areas. The company was founded in 2014 with the goal of acquiring and exploiting minerals claims in North America with a focus on the western region, where historical many large gold discoveries have been made.ARSN has acquired two mineral properties in Montana’s Confederate Gulch mining district, historically known for placer gold discoveries. The two properties are the Keene Placer claim and Western Star Load claim and mill site. The Keene Placer claims consists of 19.67 acres, in the Montana Gulch, the known feeder of gold for the Confederate Gulch in Broadwater County, MT. Historical work was completed on the Keene Placer property in the early 1990's which showed positive indications of mineralization. Aureus intends to use the historical information along with a phase one exploration program to complete a NI 43-101 report.Western Star Lode Claim and Mill site is 13.22 acres and located in the northern half of the Confederate Gulch mining district in Broadwater County, MT. The Confederate Gulch mining district, containing some of the richest placer ground in Montana, lies on the western slope of the Big Belt Mountains between Helena and Townsend east of the Missouri River (now Canyon Ferry Reservoir). According to CEO Tracy Fortner:

“Over the years, I have worked on many mineral properties, and I believe there is great potential on our two newly acquired properties. Our goal is to explore both properties with the focus on the discovery of gold and ultimately to build a processing facility to service both properties.”

Currently trading with a market cap of $99 million, investors need to keep in mind that the financials for ARSN are very weak. As of April 30th, ARSN reported just $2000 in cash, $7000 in total assets, $85000 in debt, and $91000 in total liabilities. Furthermore, the properties that were just acquired were purchased from Montana Mine Land Holdings LLC, a company controlled by Tracy Fortner, ARSN's President & CEO.The good news is ARSN looks to be a new and exciting story for penny stock investors. Judging by the recent jump in price on massive volume, it looks like there are some serious promo dollars behind ARSN that can really send the stock higher. Add in global market uncertainty, a climbing gold price, and market players on the hunt for the next Barrick Gold or Newmont Mining, we could easily see ARSN turn into a microcap runner rather quickly as long as the promo dollars flow. Longer term, ARSN needs to greatly improve its financials and issue new stock to fund its development program. We will be updating Insider Financial as soon as we know more. For continuing coverage on ARSN, sign up below!Disclosure: We have no position in ARSN and have not been compensated for this article.

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