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Gold/Mining/Energy : AURC - Aurus Corporation -- Ignore unavailable to you. Want to Upgrade?

To: creede who wrote (225)	5/9/2006 11:20:08 PM
From: maxncompany	Read Replies (1) \| Respond to of 318

A rough valuation is 5-10% of $ value of resources, generally for miners not in production. I know AURC is in production, and while we don't know how much, we should assume little or none since it's an unknown, at least for now. So, you could go with rrmbcnu's price projections, which are pretty much in the ball park. Now, of course, there are always variables, negative and positive. No one likes to give pinks much credibilty, therefore the low share price. A very positive variable is that they project production could reach about 380,000 oz./year. But there would be dilution to get that, whether by JV or share dilution, and there could be some debt. All that is hopefully to come, but as for AURC's fair value, you can't really factor that in yet. That doesn't mean that down the road AURC won't be worth a lot more........it just means that the market will take a "prove it to me" attitude until then. Short story is to go with rrmbcnu's price valuation. I need to add the obvious caveat.......a buyout. A buyer would know much more about AURC than you and me, and could surprise us.