Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: baystock who wrote (23946)	11/4/2006 4:26:48 PM
From: AuBug	of 78417

You're exactly right, my mistake which I think I admitted to earlier. Slide 6 of Aurogin's presentation has a column for total ounces and an AUQ.v equity ounces column. The El Sastre & El Arenal deposits are shown as 50% equity and the Lupita as 70%. For Bridge they can earn a 70% interest by completing a feasibility study and arranging production financing. Having some Guatemalan ownership probably helps grease the skids for getting permits. Slide 23 takes their equity fraction into account in estimating a share price of c$3.60 based on the value of 8 other producers. My amateurish approach was shown to be flawed by others posters here. Someone pointed out cash flow was a better metric than a P/E ratio but since they won't start selling gold for a few months that doesn't work either. Once we take out the May'06 highs of c$0.61 there won't be any more overhead resistance and I hope to Aurogin revalued at a much higher price.

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