Aurora Acquisition Corp (AURC)

[ekythump]

Sagan... you said that you got a pps estimate from Parkin himself? He said $1.50? (before recent acquisitions)

That means he should estimate $3 now. Looking at the independent German report on Nord Oil, that estimated NDOL against what Parkin said, we should very conservatively assume $2.25 is a low estimate for AURC right now.

I think the reason why he isn't saying $10-$15 is because it's going to cost a lot to increase production, even though I think they'll JV that work out anyway.

I also STRONGLY believe that the money we'll be making with Aurus is just a margin on the sale of gold. From what I understand, a lot of banks prefinance the gold mines' production and then buy the gold back.

I think that we have a certain % of all sales to the bank that we keep. Maybe %10-%15, leaving us will about one-tenth the PPS that we would see if we didn't owe the banks gold. That should put the PPS right at around $2.50 - $3.00 and would explain A LOT of things.

So right now we're looking at a short-time 3-5 bagger, long-term much more.

Just my opinion.