Aurora Acquisition Corp (AURC)

[xZx]

more DD on AURC's reserves:

so i got started thinking about that email i received yesterday. the contact at RSM in moscow, sergey v. salnikov, head of investment audit, mentioned two sites he said were part of the areas owned by aurus:

"We experts of department of investment audit the auditing and consulting company " RSM “Top - Audit " had been prepared business plan of the investment project on extraction and process natural resources and recover precious and rare-earth metals in Transbaikalia and the Chukotka Autonomous District on the basis of the materials presented by the customer. "

i did a google seach for "Transbaikalia" and "gold" and got some interesting results:

http://www.google.com/search?client=safari&rls=en&q=Transbaikalia+gold&ie=UTF-8&oe=U...

it seems transbaikalia is full of the stuff: http://www.fc.up.pt/geo/ecrofi/421.PDF

the history of the region is fascinating. i find this quote from the link below especially interesting:

http://www.goldminershq.com/VLAD.HTM

"After the WWII the USSR became the second gold producer in the world and remained on this placed until 1991 when one third of the Soviet gold production was taken over by several newly independent states of the Central Asia."

ahhh, but when you search google for the other term, "Chukotka autonomous district", things get even more exciting:

http://www.themoscowtimes.com/stories/2002/12/19/043.html

and check out this article, "Merger Mania Going for Gold":

http://forum.kitco.com/printthread.php?s=2ed32733948739e26d4fb6e6a5ea4774&threadid=7560

guess who's mentioned? that's right... barrick gold!

"Barrick Gold Corp., the world's No. 3 producer, merged with Homestake Mining in 2001 and earlier this month made its second foray into Russia by taking on a small company in the mineral-rich country.

"For people to grow there isn't an awful lot of new discoveries out there that they're making themselves through their own explorations," said Mark Smith, an analyst at Dundee Securities Corp.

"They should take advantage of having premium paper right now to buy other assets which are more reasonably priced."

It also helps that gold prices are comfortably above the $400 an ounce mark, with February futures in New York ending at $442.90 on Friday.

[note the date, AURC shareholders, and the low valuation. this article was from december 2004. they said mergers would be heating up in the NEXT YEAR. that puts us right about NOW..! the aricle coninues:]

According to analysts, mergers and acquisitions in the gold industry are expected to ramp up next year for reasons that include a disparity of valuations in the sector and the importance of size and liquidity to appeal to larger funds.

UBS Investment Research analyst Tony Lesiak said a significant number of deals in the sector tend to involve a more established player taking on a development story.

"The larger player brings development experience and capital, and in return achieves growth, and potentially, a re-rating of the development asset in question," Lesiak wrote in a research note."

sooooo... i'd say we are sitting pretty, on regions that are known throughout history to be full of gold! (many thanks go to baikal, for pointing this out on yesterday's thread!). the more you look, the more AURC shines.

ULTRA STRONG BUY ON AURC! THIS IS GOING TO BE A GREAT WEEK, LONGS!!!