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« URANIUM ONE: Suspends Honeymoon uranium mine | Main | A visit to the Green Room! »

Aurora’s community outreach programme lifts stock 11.58%!

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Aurora Energy Resources Incorporated has announced its intention to implement an outreach programme where the focus will be on building community support. The company has said that for the remainder of the year its activities will include a tailings management options study, an environmental baseline program, a community outreach program, a training plan, engineering studies, and ongoing infill drilling.

As we see it this is a good and extremely necessary move if they are to convince the Nunatsiavut Government that the Michelin Project can be developed on a safe basis. This news release also covers technical issues, however, it is the ‘winning’ of the peoples support that is critical to this projects progress.

Meanwhile we found these comments on the National post by RBC Capital Markets analyst Adam Schatzker, who said: "We believe [Aurora's] outreach efforts may generate goodwill among local stakeholders and should bolster the company's reputation," He also rates the stock as an "outperform" with a price target of $8.00. He considers that a "conservative" price target, even though it is roughly double the current level.

Double in twelve months! Yes! That’s our kind of investment criteria, well, if you don’t have dreams they can’t come true, can they?

The stock was up $0.47 to close at $4.53 on Friday.

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