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Gold/Mining/Energy : AURC - Aurus Corporation

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To: shortsinthesand who wrote (296)12/20/2006 10:58:00 AM
From: rrufff  Read Replies (1) of 318
 
Thanks - actually you might be a good source of on the spot DD. The company provided some information on audited reserves. There was some confusion with the term "audited" not referring to financial statements but a term that meant more that a local geologist had expressed opinions as to the reserves. You may want to take a look at that report. It was posted somewhere on IHub. Perhaps you can make some calls. Not sure what your language proficiency is.

My feeling on this one is that the grand predictions are just what they are. I'm not in for $40 a share. But with the variance between that number and the current share price of .13, there is a heck of a lot of room for error and the stock has been in the .40's recently. Dilution seems relatively slight compared to the universe in which it relies.
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