Aurora Acquisition Corp (AURC)

[wrongjoe]

PokerVertigo,

I don't know if you are here to learn more about AURC or to antagonize. I'll assume the former for now, although a lot of the information you are asking for could be found with very little effort, so you are obviously here to highlight things to a general audience. Here are my answers - and I am not 2c nor do I share his opinions on many topics concerning AURC. Contrary to the usual tone of this board, other opinions do exist and can also see the value here.

My answers by corresponding number:

1) When Aurus took over the shell company "Black Rock Golf", they reverse split to create the share structure they required. This was when Aurus first when public. The Transfer Agent recently confirmed there is "no material change" in the share structure, therefore there has NEVER been significant dilution or reverse splitting since the stock was trading as AURC. If you are not comfortable with an approximately 110 million share structure, go elsewhere. Frankly, I think it is a modest share count compared to most mining issues, even on major exchanges. The share count could double and we would still be extremely undervalued.

2) S-R already replied. Digest it. It's not hard to understand. Look up Russian accounting principles to verify if you don't trust the PR. I have, and what Parkin said is true. Underground assets are an offsetting debt adjustment on Russian financials. Do you REALLY think the company's debt happens to exactly equal their assets? How ridiculous.

3) I have provided a link to THE document by which almost all western mining companies are valued. OF COURSE underground assets have value, or development stage mining companies wouldn't trade on public exchanges. This is the question that gives you away as having ulterior motives. Either that or you know nothing about mining valuation and therefore should not be invested here. Don't take anyone else's word on valuation. Do it yourself. Always. My estimated value for this stock is signifcantly lower than 2c's, but still greater than the current share price by MANY multiples.

http://www.cim.org/committees/CIMVal_Final_Standards.pdf#search=%22CIMVal%20Standards%20%22

4) Yes, the financials are unaudited, as are financials for 95% of all pinksheets. Yes, Parkin said they were audited in a PR, but they are not. A financial and business audit was conducted by ComplexAudit in January and everything was found to be in order. RMS Top Audit did prepare the business plan in 2004. Read the email from RSM Top Audit below. If you are uncomfortable with Parkin saying the financials were audited when they were not, then pass on this stock. I'm fine with it. I'm here for the assets.

To: corvettemark
Subject: your inquiry
From: [e-mail] Add to Address Book Add Mobile Alert
Date: Thu, 8 Jun 2006 12:00:11 +0400


Dear Mr. Wilson,

Thank you for your e-mail. Please be advised that specialists of the Investment Audit Department of RSM Top-Audit have prepared a business plan for the investment project for setting up a multi-product association to extract and process natural resources and recover precious and rare-earth metals in Transbaikalia and Chukotka. The Project has been prepared in accordance with the international investment project standards under Agreement No. 08t24 dated 27.10.2004 on order from Mining Corporation Zabaikalgeoprom. Zabaikalgeoprom has become part of Aurus Corporation by means of merger. As regards the deposits mentioned in the business plan, their mineral reserves are acknowledged by currently valid licenses to develop them, geologic information, and reports of the RF State Reserves Commission.

The financial and business operations of Zabaikalgeoprom as of 01.01.2006 had been audited by the Russian auditing and consulting firm Complex-Audit and the company accounts were found reliable (Audit Report dated 01.03.2006).

RSM Top-Audit and Aurus Corporation are currently negotiating an audit agreement. As of today, no such agreements were signed and, accordingly, we have not audited this company. Besides, RSM Top-Audit does not conduct geological audit of gold reserves and, again, no such audit has been conducted.

In accordance with the international auditing and business ethics standards, RSM Top-Audit observes the conditions of confidentiality in client relations. All information about Aurus Corporation is available on its corporate web site, and it is the company that is responsible for the reliability of such information.

Sincerely,

Sergey V. Salnikov
Head of Investment Audit