posted
after going through all thier properties and adding up all their reserves, and multiplying by current market value of all the metals i have calculated thier current assets to be a whopping $6,839,147,853!
in the financial report on thier website they valued their assets at $4,091,696,317 however since then they have aquired Klyon (maple) deposit and my numbers also take into acount the 925,562 ounces of gold in the Prospector Taiga reserve and the Prospector Siberia reserve which they have signed the letter of intent for.
$6,839,147,853! that would work out to a Mkt value of $66.39 PPS!
now obviously in a perfect world there aren't any operating costs, equipment costs, extraction costs or taxes. but yes .22 for a company with almost 7 billion in assets is absurd!
also going back to that e-mail i recieved from parkin about the financing project for the equipment, i don't know exactly what site it is they are planning on purchasing the equipment for but it could be in reference to this statement made in a dec 22nd 2005 pr :
"The company is currently in advanced discussions with several funds and strategic investors to finance the production increase, whereby Aurus Corporation expects to produce 12 tons or 384,000 ounces of gold annually or today's equivalent to over $250 million USD annually as well as produce many other precious metals."
or this statement made in a PR dated december 15th 2005:
"Zabaikalgeoprom is truly the find of the century, it has been under the radar of multinationals for many years. They have mined a considerable amount of gold and other metals over these past few years and by investing in its infrastructure, our experts have determined that can increase production and reach sales of over $800 million USD rapidly," said Gerald Parkin, President of Aurus Corporation.
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posted
I agree 101, BUT, Confirmed Buy has quickly changed into a Sell-IF and chart doesn't look very strong. Currently sitting on 50MA. Either it will bounce or sink. 50/50. What's it going to be?
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posted
after going through all thier properties and adding up all their reserves, and multiplying by current market value of all the metals i have calculated thier current assets to be a whopping $6,839,147,853!
in the financial report on thier website they valued their assets at $4,091,696,317 however since then they have aquired Klyon (maple) deposit and my numbers also take into acount the 925,562 ounces of gold in the Prospector Taiga reserve and the Prospector Siberia reserve which they have signed the letter of intent for.
$6,839,147,853! that would work out to a Mkt value of $66.39 PPS!
now obviously in a perfect world there aren't any operating costs, equipment costs, extraction costs or taxes. but yes .22 for a company with almost 7 billion in assets is absurd!
also going back to that e-mail i recieved from parkin about the financing project for the equipment, i don't know exactly what site it is they are planning on purchasing the equipment for but it could be in reference to this statement made in a dec 22nd 2005 pr :
"The company is currently in advanced discussions with several funds and strategic investors to finance the production increase, whereby Aurus Corporation expects to produce 12 tons or 384,000 ounces of gold annually or today's equivalent to over $250 million USD annually as well as produce many other precious metals."
or this statement made in a PR dated december 15th 2005:
"Zabaikalgeoprom is truly the find of the century, it has been under the radar of multinationals for many years. They have mined a considerable amount of gold and other metals over these past few years and by investing in its infrastructure, our experts have determined that can increase production and reach sales of over $800 million USD rapidly," said Gerald Parkin, President of Aurus Corporation.
posted
It may be time to pull this from the forum depths...buy comfirmed from american bulls, NDOL fiasco almost complete, and the following:
Gold rises as Iran oil warning creates safe-haven bid Marketwatch - June 05, 2006 7:44 AM EDT NEW YORK (MarketWatch) - Gold futures rose early Monday after Iran warned that U.S. actions could lead it to halt shipments of oil, sending crude prices sharply higher and creating a safe-haven bid for gold.
Gold for August delivery was last up $9.20, or 1.4%, at $650.20 an ounce in electronic trade. On Friday, the contract gained $7.50 as the dollar fell sharply following a weaker-than-expected May jobs report.
"If you make a wrong move regarding Iran, definitely the energy flow in this region will be seriously endangered," Iran's supreme leader, Ayatollah Ali Khamenei, warned on state television over the weekend, the BBC reported.
The warning came just days after the permanent members of the United Nations Security Council and Germany reached agreement on a package of incentives to offer Iran in an attempt to persuade it to halt its nuclear research.
Tehran maintains it's aiming to create a civilian energy program, while western powers fear it is trying to create nuclear weapons.
The incentive package is part of a broader effort to solve the dispute diplomatically, but Khamenei's words suggest Iran has not ruled out some sort of U.S.-backed military action against it.
Meanwhile, Citigroup upgraded its gold-price forecasts, predicting that the metal will rally back through its recent peak above $730 an ounce as inflation fears persist.
"Following the current period of volatility and instability we expect investors to refocus on the previous concerns of continuing high oil prices leading to higher inflation, which would ultimately lead to higher interest rates and a subsequent slowing down of the U.S. economy resulting in a weaker US dollar," said Jonathan Battershill, an analyst at Citigroup in Sydney. "All of these factors would result in stronger gold prices."
The dollar was last trading down 0.1% against the yen and down 0.3% against the euro.
Citigroup is now expecting average gold prices of $700 an ounce in 2007 followed by $750 in 2008.
Elsewhere in the metals sector, silver was up 22.5 cents at $12.31 an ounce. Platinum rose $17.10 to $1,262 an ounce, palladium rose 95 cents to $354.10 an ounce and copper added 1.4 cents to $3.60 a pound.
On the supply side, gold inventories were lower by 195 troy ounces to 7.79 million troy ounces as of late Friday, according to New York Mercantile Exchange data.
Silver supplies fell by 226,850 troy ounces to 108.2 million, and copper supplies were down by 386 short tons to 9,092 short tons.
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yeah you're probably right, it's probably better to chase it on a good pr (even if i have to pay 5 cents more) than to be stuck in it for a while
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I'm content to hold at these levels. Aforementioned assets are important to the huge upside potential for AURC.I'll buy more on dips but dips at these levels will be hard to come by. I see strength in the face of adversity (pm selloff) and shares that few are giving away at these CHEAP prices. Green yesterday and today!! love this play...its current price is a steal (IMO)and I'm a patient man!
posted
**********: AURC, BHWF, MSSI, NIHK Have Also Been Removed From Naked Short List Today 09:06 a.m. 06/14/2006 Provided by
"Jun 14, 2006 (M2 PRESSWIRE via COMTEX) -- www.**********, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Aurus Corporation (AURC), Blackhawk Fund (BHWF), Medical Staffing Solutions, Inc. (MSSI), Nighthawk Systems, Inc. (NIHK) . For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.********** .
Aurus Corporation (AURC) is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to continue acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate its mines through joint ventures and or partnerships. With 3,000 shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of AURC."
Might also be the fact that it always follows NDOL's coat tails 2 to 1 for the most part, which just had a little run the past couple days.
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