Aurora Acquisition Corp (AURC)

[WhiteSahara]

RUCrazy, yes I could be with that statement. However, lets look at some numbers. In the DD section, it states they plan on producing 384,000 oz. of gold annually. Based on their numbers, and the gross income off their stated accompanying minerals, it would gross almost $78,000,000 annually. Without any gold revenue. That is a big number for a small penny mining company that would pay a lot of bills.

One of the largest expenses in mining? Labor. According to World Bank data, 2002 per captita income for Russia was $1750 versus US of over $30K. Rounding up to a 1/10th the payscale of the US put production at a very low number. Unemployment in Russia by the way is very high so fighting for workers shouldn't be a problem.

Granted, Siberia is a huge place causing freight to be expensive. But again, with China, India, Brazil and on and on in huge growth modes and coal, steel, lumber and metals of all types are getting tougher to get.

GLAMIS a gold mining firm valued at $3.8 billion did 94.7 million in gross income for 2004, earned almost $21 million. Based on a 25% return such as theirs our goal of $250 mil annually would produce $60 million in net income.
$60 million in net income with 103 million shares is a pretty staggering number to view. I would take it. I would also hope Aurus puts a premium on worker safety. I would don't want to earn monies based on the hardship of others.