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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (29206)	1/10/2007 3:35:29 PM
From: AuBug	Respond to of 78426

That Aurogin (AUQ.v) news sounds really good to me. They're executing their plan as they laid it out last year. Their first pad loading was 20,000 and the second is 18,000 tonnes. So before expanding the leach pad they can load about 20,000 tonnes in 8 to 10 weeks. So without even expanding they can leach 100,000 tonnes/year. It seems an easy step to expand the pad to where they can be loading one end while leaching the other. I don't know exactly how that's done but it doesn't seem too hard to believe they can expand to leach 300,000 tonnes of ore in 2007. If 20,000 tonne paid the partners $500,080.16 then AUQ.v should net about $175,000 assuming 50% partners and a 30% tax rate. That puts AUQ.v in the $2.6 million range for 2007. Seems pretty good for a small cap miner.