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Gold/Mining/Energy : ARU.V Aurelian Resources Inc -- Ignore unavailable to you. Want to Upgrade?


To: marci58 who wrote (69)11/2/2006 2:47:13 PM
From: sageyrain  Respond to of 516
 
Updated resource calculation using the latest drill results. Per your suggestion this post moves from 2.5 to 2.8 bulk density in calculations.
Posted below are the updated #'s using both 2.5 and 2.8.

	             2.5			           2.8

Line ozs Au ozs Au

3100 570,077 638,485
3200 319,361 356,525
3300 1,191,040 1,333,745
3400 2,975,356 3,331,865
3500 1,209,656 1,354,637
3600 386,134 432,400
3700 1,242,384 1,391,247
3800 161,853 181,246
----------- ----------
FDN total 8,056,191 9,020,150

B/LP 500,000 500,000
----------- ----------
Total 8,556,191 9,520,150


So with ARU's guidance on mineralization continuing at least another 200 m to the south, this model easily infers 10m oz Au, and 11 m oz is reasonably in sight :>).

Still intrigued about the possibility that the faulted off western portion of FDN will be found to the south. Very speculative, but offset of magnetic trends suggests to me about 1.1 km of post porphyry offset (west side moves south). The southernmost hole testing this western block is 77 on line 3100. I don't remember seeing any commentary from ARU on this hole, so this might mean that it looks unmineralized. I will speculate that the offset mineralisation, if it even exists, will be found west of the west fault at about lines 2600-2700. A WAG for sure.

If 11,000,000 ozs, using US 75 oz insitu value, 33,000,000 shares diluted = $25/shr. Looks to me like the market is putting a significant exploration premium on ARU at the moment. Based on results to date, I don't think this is unreasonable, but also shows the possibility of a significant pull back should there be some sort of negative news, or any news that is perceived as less than spectacular.



To: marci58 who wrote (69)11/2/2006 9:39:19 PM
From: afrayem onigwecher  Read Replies (1) | Respond to of 516
 
Very strong close looks like it want's to go to $100 soooooon



To: marci58 who wrote (69)11/3/2006 2:21:28 PM
From: sageyrain  Read Replies (2) | Respond to of 516
 
Line                 ozs Au

2800 HGS?
2900
3000
3100 638,485 HGS
3200 356,525
3300 1,333,745
3400 3,331,865 HGS
3500 1,354,637
3600 432,400
3700 1,391,247 HGS
3800 181,246
-----------
FDN total 9,020,150

B/LP 500,000
----------
Total 9,520,150


Playing with the numbers, HGS designates relatively high grade
zones (high grade shoots - HGS) that show possible periodicity at about
every 300 m or so. Maybe there is another one at 2800?

We are spoiled by 1 million oz plus drill sections that add ounces
very quickly. WIll folks start to lose interest if the holes start moving back
to the mean, say measely 50,000 to 100,000 oz sections?