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: AuBug who wrote (23764)	10/30/2006 11:56:19 PM
From: baystock	Read Replies (2) of 78408

>In general everything seems to be going exactly as planned. At 20,000 ounces/yr x $400/oz = $8 million profit/yr within the first year with the production rate scaling up each year. With 49,645,721 shares out and a P/E = 20 this implies a stock price of us$3.22. < After a quick search I can't find anywhere on the company website where they state that AUQ owns 100% of El Sastre production. As of Feb 2004 they were working to earn into 50% of this project. Can you point me to a link showing when their stake in this project increased to 100% ? I must admit to being puzzled that there is not a single mention anywhere that they actually are entitled to 100% of El Sastre's 20,000 oz production. auroginresources.com >Aurogin must spend $1 million by August 2005, make payments of $190,000 and issue 650,000 shares by December 2006 to earn a 50% interest in the project. <

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