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Re: KELLYCO post# 100452

Friday, 06/27/2008 1:07:25 AM

Friday, June 27, 2008 1:07:25 AM

Post# of 115222
Here are sections from the TSNIGRI report that I like to read once in a while to remind myself of the intrinsic value of the Krong assets which are owned 100% by Aurus.

"The Krong Company started study of production waste from Roshal chemical plant in 2007."

"Preliminary assaying of samples performed by TSNIGRI (October 2007) showed a high exploitability of the Site in terms of iron, gold and silver content. At the same time, full spectral analysis of samples was performed which confirmed high content of useful components."

Also:

"Commercial value is characteristic for about ten minerals."

And, in conclusion:

"The volume of dumps amounts to about 40 million tons. The cinders contain the following useful components:

gold -- about 68 tons
silver -- about 739.6 tons
iron -- about 20.8 million tons
platinum -- about 3.6 tons

In terms of potential cost (value) of the useful components, Roshal technogenic deposit is equivalent to a large gold-ore deposit with the reserves of 120-140 tons of gold."

Lots of value there. Now all we need are one or more JV partners to help Aurus exploit these components.