Jp1127,
Consider my note on Hot Chili Ltd on the Other Mining Stock thread.
HCL is miles ahead of Auryn on the big copper resource definition scale. And they just sold 9.99% of the whole thing for $14M. Of course they got Glencore on their side so that’s something. Anything Auryn could get at this point would probably be pretty disappointing in terms of price. And they are a long way out from a feasibility study which could lead to a production decision and permitting of the project which is basically what it takes to get real money. It takes a lot of work and big money and lots of patience to get a major copper project moved forward.
Auryn could definitely do better in the short term if they can execute on the gold project. The gold project itself could lead to a decent exit, else if not they can perhaps do some of the early limited drilling themselves to lead to a better JV deal going forward.