AURC now .10 HOD .11 breaking out.
Russian gold play - see my prior posts
posts on Ihub - read carefully
Posted by: Investanetics
In reply to: None Date: 4/4/2006 5:23:51 PM
Post # of 4086
I talked with Parkin again today just to ask how the reserves are valued on the balance sheet to see if they were consistent with American standards and they are. From what I understand, reserves are valued at the mkt price minus extraction costs. He told me yes, and I then said so we are looking at over a billion in assets and he said yes. He then reaffirmed that they should be out thursday, that is if the SEC gets them posted, sometimes theres a day or two of leway between them. Well, right now our market cap is aproximately 8 mil!!!!!! So Im sure all of you can see how much appreciation we can be in for. Lets hope Parkin can finally come through. Good luck to all, and if anyone has more input on how the reserves are valued please chime in.
Posted by: 2create
In reply to: None Date: 4/4/2006 7:29:05 PM
Post # of 4086
Investor Update!.....
As you all know, I was awaiting a promised follow-up today from the company. Although not every item was able to be discussed in detail...I am ‘Very Pleased’ to advise of the most significant info this week ;)
1.) As earlier indicated the financials are being sent out in the coming days.
2.) Regarding the latest Klyon "Maple" Gold Ore Deposit with 1.9 Million Ounces of Gold…And This I Have to Quote!: “Acquisition of the last deposit was done on a cash and considerations basis—no shares. «
I’m sure there will be much more info in the next PR/’s forthcoming…But it appears that things are ‘really’ starting to come together ;)
One more Quote form Mr. Parkin today (regarding Both NDOL and AURC):
"The winds are now changing for both companies and I thank you for your assistance, _______."
Also, I have some info for NDOL…but will post it there.
Congrats to all early patient Longs here @ AURC and NDOL…we truly have a fantastic ‘value’ to accumulate. ;)
P.S. I hope to have another item answered tomorrow...Will advise as always if I do.
Posted by: airdale1
In reply to: Investanetics who wrote msg# 4036 Date: 4/4/2006 7:41:03 PM
Post # of 4086
Invest, thanks for sharing your Parkin info. Its great to have another "fact digger" on board.
I did this valuation with gold at $585.
Est outstanding shares : 114,000,000
Current PPS : .07
Market Cap :$ 8,000,000.00
Gold in ounces : 7,100,000
Contract sales price oz :$ 535.00
Cost of roduction :$ 280.00
Net per oz of gold :$ 245.00
Asset value of gold :$1,739,500,000.00
Silver in ounces : 35,000,000
Contract sales price oz :$ 11.00
Cost of production :$ 6.00
Net per oz of silver :$ 5.00
Asset value of silver :$ 165,000,000.00
Gross AURC Assets :$1,904,500,000.00
Est assets per share :$ 15.26
Assumptions: Barrick Gold used under $225 per ounce figures in 2004 when viewing the cost of gold refinement in Russia, Mr. Parkin issued at $280 per ounce cost.
AIMHO
Airdale
Posted by: dreaminofsailin
In reply to: None Date: 4/5/2006 10:01:03 AM
Post # of 4086
I also have received an email from Mr. Parkin assuring me that financials will be out Thursday or Friday, Monday at the very latest. I took the plunge and sold my other safe stocks and bought 11,000 more here, bring my total to 21,000 shares. I have a good feeling about this and think I will more than make up my loses. I first bought at 10,000 shares at .195 and just added 11,000 more at .07. I am very happy with Mr. Parkins email and with my purchase. After the posts here it amazes me anyone would sell at .07, but to who ever you are, thank you very much.
I am hoping to see .50 next week at this time. Since my investment is so small, I can wait years if necessary. I am dreaming of $15.00! Wish me luck!
GLTA
He did not seem to mind I posted my last email from him, so here is the latest one:
"Greetings Wayne,
The Financials will definitely be posted before the end of this week or at the VERY latest on Monday due to minor delays in transmission.
I finalized the changes in the first draft on Sunday.
When the gates finally open there will be a flood of additional interest.
Best regards
Gerald Parkin" |
