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you beat my post by 2 minutes same read
total tonnage difference in report (40 min tonne) and news report of 80 million tons
NEW YORK, NY -- (MARKET WIRE) -- 11/29/06 -- Aurus Corp. (PINKSHEETS: AURC), following the acquisition of Krong, has commenced the project of processing technogenic tailings and extracting rare earth and precious metals.
These tailings total 80 million tons and are situated only 95 miles from Moscow.
What happen to the other 40 million tons?? or is my math wrong.
This blog is like the dog chasing it's tail.
Wait until the next buyout offer or the next financial statements come out. Then we will have a better picture of the company...
were is this big move in stock price??
check the price of shares in 2005 on this chart
http://moneycentral.msn.com/investor/charts/chartdl.aspx?symbol=AURC&CP=0&PT=9
product cost per ton 2006
Gerald Parkin, president, is most pleased to announce that the new technology cuts production costs by over 30%. He adds, "New equipment shall be used in processing the tailings and the advanced technology results in a an average production cost of $217 per ounce. This translates into healthy profits from the first months of operations. There are no galleries or tunnels in processing the tailings and all the minerals are accessible above ground."
The geological 43-101 report states that the assets of Krong are $3.9 billion US. (Price of the gold in the market was around $750 in 2007 reporting time)
The findings of OOO" BK Arkadia demonstrate a business value to Krong of $2.8 billion. (Price of gold in the market was around $650 in 2006 reporting time.)
I see the difference in reporting value, time, .55 was a 2006. Share value should be over $1 for Krong gold tailings in 2007.
The price of gold now is around $800, Share value should go up more!!
Another question, what was the company worth before Krong?
Also, What is the ground under the tailings worth?
Look good to me $3.50
Indian: skip Business 101 take Accounting I,II,III , Advance Accounting I ,II and Finance I and II and a couple Mining Classes
The geological 43-101 report states that the assets of Krong are $3.9 billion US. What about the value of all the other assets??
They should be worth several more Billion.
I bought 6,000 share 20 minutes ago at .038
sounds good to me
Better look up the word tailings
Did you look at Lero Gold balance sheet. it is a small company. They have have less the $3 million in cash. To buy this company at .55 they would have to raise $400,000,000.
My guess is $3.50 which will include all Aurus property
hursday November 30, 10:20 am ET NEWS
Aurus Corp. Announces That Major Revenues Shall Generate Immediate Dividends for Shareholders
NEW YORK, NY--(MARKET WIRE)--Nov 30, 2006 -- Aurus Corp. (Other OTC:AURC.PK - News) is most pleased to announce to its shareholders that their accountants have completed their report on the market value of the tailings which will be immediately processed. The report outlines these assets as follows:
Precious metals (gold, platinum, silver)
$3,706,000,000.00
Group of polymetals (scandium, zinc, tin etc)
$1,350,000,000.00
Iron
$4,800,000,000.00
The general Total Estimate of raw material in the form of technologenic tailings:
$9,856,000,000.00
*********************************************
numbers look good too me, takes time to get to full production.
unless some one know of a faster way??
The number of shares now total 358,600,000 after stock dividend added am I right!!! and buy out per share .55 would be $197,230,000 Plus they would get all the liabilities of $4+ billion in general terms..
would that include all aurus property's estimated at $9,856,000,000.00 (less mining cost what ever that maybe)
Precious metals (gold, platinum, silver)
$3,706,000,000.00
Group of polymerase (scandium, zinc, tin etc)
$1,350,000,000.00
Iron
$4,800,000,000.00
The general Total Estimate of raw material in the form of technological tailings:
$9,856,000,000.00
========================================================
BUY OUT SHOULD BE CLOSE TO $1.2BILLION DIVIDED BY SHARES OF 358,600,000 CLOSE TO $3.35 PER SHARE
++++++++++++++++++++++++++++++
ANYBODY HAS A BETTER CALCULATION
People need to look at the balance sheet of the owning company liabilities and the other debt are over $4 BILLION, this has to be figured into the stock price also. Is the whole company and property's to be sold? etc. The figure $2.9 billion is that less debt and liabilities!
http://www.auruscorp.com/ZG2006Dec%203.pdf
my guess stock price will be .55 to $1.25 on buy out, to much debt.
Market fair price Would be $3.50, because of undiscovered Menerials
this is a good read if you have the time
http://www.georeferenceonline.com/NI%2043-101.htm
The company should be worth more the .55 a share of has $9 billion estimates of all its minerals and all of its other properties. what about the undiscovered other gold.
Confirmed with Aurus Corp. in Canada Oct. 19th, 2007
--Total Outstanding: about 326 Mil (plus divide of 1 per 10 shares)
--Public Float: about 226 Mil
--Restricted: about 100 Mil(????)
my guess is 358+ million share outstanding
Does anyone know how valuate the company to a share price.
Unable to get IDS-worldwide solutions reply to emails.
IDS-Worldwide just a wed site, same as 995ad.com. Sells web domain names and web solutions.
HLS-Worldwide web site links you to other web sites that sells Biometric products. Looks like they do not manufacture anything.
There looks like there is no factory's or office's, just web site office, from were???? ( a home)
Most of the Yahoo Business posting are from IDS-Worldwide. It looks to me are all phony market wire news.
Going to email Yahoo next week to find out more info about their business news. also Florida State Corporation office for info.
this should give an idea idwd.pk
information link
http://www.valuewiki.com/w/IDS_Worldwide,_Inc._(IDWD)