Aurora Acquisition Corp (AURC)

[tr8dervic]

Look at the language carefully.

Previous acquisition:

"The new investments will be targeted specifically at the Priargunsky and the Salairskiy properties where combined proven reserves are over 3 million ounces of gold."

Now the newest acquisition:

"The estimated gold and silver reserves in the Klyon deposit potentially make it our single most prized asset yet with over 1.9 million ounces of gold..."

The key word here is "single". The other gold reserves are spread out over more properties.

With a concentration of high grade ore on a single property, the economics of developing that property makes sense. Then the cash flow thrown off from that one can be used to further develop the others.

I would expect something on the order of 50 million shares restricted for 2 years to be issued to the principals of Klyon.

Financing will be farm-in of working interest on future production + possible asset backed debt. But no further share issuance.

All imho,

Vic