Aurora Acquisition Corp (AURC)

[ekythump]

I'd rather not make Parkin decide between giving us 'exclusive' information or ignoring us.

It'd be nice though, to have it mentioned in a near-term PR and to have a "projected earnings" chart like Nord has.

And to whoever asked this-- off the top of my head I think that Aurus does have production equipment in place for some of their mines.

My understanding is (and I'm sure somebody can clarify this here) is that these mines were lying dormant due to lack of funding from the Russian government. Apparently there was a capitalist revamping program (the name is mentioned on the site) that provided incentives for foreign investment into these general regions of Russia.

Nord Oil and Aurus happened to be keen enough to take advantage of the opportunity. Both we the shareholders and the mine owners who merged with Aurus are putting faith in Aurus' ability to get their gold out of the ground...

Which, I'm guessing, is why we have such a great deal going-- the Russians weren't going to turn their gold into cash without the financing and exposure of Aurus/shareholders and Aurus wasn't going to help them out unless they got a good deal. In summary, thin profit margins on these properties aren't required as they might be in a country like the U.S. where capital investment abounds.


AURC or BUST