AURIGINOR INC-M.AUI Huge Volumes Montreal Exchange Message Board

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Gold/Mining/Energy : AURIGINOR INC-M.AUI Huge Volumes Montreal Exchange

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To: Robert Adamowicz who wrote (61)	2/27/1997 8:27:00 PM
From: Jeff Chan	of 329

OK...A question for the number crunchers. SO WHAT IS AUI WORTH??????? As indicated in the release, AUI's expected revenue is $6,000,000US per ton for the first YEAR ALONE! The reserves are estimated at 30 million tons!!!...not sure I can figure out a worth based on this..... When I talked to Morris, he indicated that the reserves totalled between 2-4 million oz. Using the value calculation that recently appeared in the Bre-X article (in the Financial Post for all you Canadians), this would be as follows: 2 million oz times $115.00/oz divided by # shares O/S ( in AUI's case, that's about 15 million. That works out to be...........$15.00/share. Does this make sense? Comments? All the best,

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