Aurora Acquisition Corp (AURC)

[WhiteSahara]

Establishing a share value for AURC is an ongoing work. I have done research and placed the data in an Excel spreadsheet. It does not translate to this message board well but here it is. My estimate upon full activation of the mines and all 500,000,000 shares showing as outstanding is $1.30 to $1.50 per share.


Current Share Structure
Authorized 500,000,000
Outstanding 103,000,000
Restricted 80,000,000 Two year restriction from Dec 2005
Cur Float 23,000,000
Dilution Max 423,000,000



Reserves as Stated by TOP AUDIT

Gold 5,200,000 ozs $550.00 $2,860,000,000.00
Silver 30,000,000 ozs $9.00 $270,000,000.00
Tin 65,400 Tons $6,000.00 $392,400,000.00
Lead 79,203 Tons $1,040.00 $82,371,120.00
Copper 17,730 Tons $4,240.00 $75,175,200.00
Zinc 336,965 Tons $1,860.00 $626,754,900.00

January 2006 Metals valuation $4,306,701,220.00

Production Estimates per ton
Value Value
Quantity Metal per OZ per LB
0.8 Ounces per ton Gold $550.00 $440.00
4.7 Ounces per ton Silver $9.00 $42.30
25 Pounds per ton of Tin $3.00 $75.00
128 Pounds per ton Lead $0.52 $66.56
7 Ibs per ton of Copper $2.13 $14.91
129 lbs per ton of Zinc $0.93 $119.97

Metal value per ton $758.74

Production Estimate per Year
Value Value
Quantity Metal per OZ per LB Annual Value
384000 oz of Gold $550.00 $211,200,000.00
2256000 oz of Silver $9.00 $20,304,000.00
12000000 lbs of Tin $3.00 $36,000,000.00
60000000 lbs of Lead $0.50 $30,000,000.00
3360000 Ibs of Copper $2.13 $7,156,800.00
92640000 lbs of Zinc $0.93 $86,155,200.00

$390,816,000.00

Miscellaneous
480000 Tons to be processed annually
1600 Tons per day on a 300 day work year

Labor expense per man hrs per wk 50
wks per yr 52
Average per hour $4.00 Annual Income 2600 $10,400.00
Men required 500 $5,200,000.00

2002 Labor statistics yielded Russian Labor at 1/11th of US per capita income. Based on a $20.00 per hour US labor
rate and a 1/7th of US income ration yields the $3.00 per hour income. Rounding up to $4.00 per hour.

Based on the fact Gold has been processed profitably in the US at $400.00 per ounce since 2004, the estimate for income
is at least $150 per ton of ore. Note, this does not include any other metal income, simply income from Gold.

Based on 480,000 tons processed annually that equals $72,000,000 in annual net income.

Note: The $400.00 per ounce profitable figure was based on US production with over 10 times greater earnings
per man. Also note lower yields per ton of Gold in the US mining ores. This should serve as a conservative estimate.
Gold prices have no reason to drop and many to rise. The industiralization of Brazil, India, China, and Eastern Europe
as well as the increase of high end electronics will continue to place upward pressure on the baseline need for Gold.

Using the available shares of 423,000,000 as a dilutive factor the income per share is .at least .15 per share.
Using the available shares of 500,000,000 as a dilutive factor the income per share is .at least .13 per share.
Using a PE of 10 AURC values at around $1.30 to $1.50 when full production is achieved.
http://www.infomine.com/investment/metalschart.asp
http://www.worldbank.org/annualreport/2002/box/table6_1.pdf#search='russian%20per%20capita%20income'...
Sample of a firm and it income going vertical as gold prices have risen

Compania de Minas Buenaventura SA (BVN)
View: Annual Data |
Quarterly Data
PERIOD ENDING 31-Dec-04 31-Dec-03 31-Dec-02
Total Revenue 336,828   241,189   194,231  
Cost of Revenue 159,776   123,799   109,035  

Gross Profit 177,052   117,390   85,195  
Operating Expenses
Research Development -   -   -  
Selling General and Administrative 63,295   66,041   43,832  
Non Recurring 2,901   1,328   2,118  
Others 4,231   -257 -436
Total Operating Expenses 70,427   67,111   45,513  

Operating Income or Loss 106,625   50,278   39,682  
Income from Continuing Operations
Total Other Income/Expenses Net -30,179 -18,695 -32,288
Earnings Before Interest And Taxes 409,886   2,728   -5,527
Interest Expense 2,288   2,459   4,616  
Income Before Tax 407,598   269   -10,143
Income Tax Expense 31,135   -56,437 -13,940
Minority Interest -8,602 -14,428 -6,460
Net Income From Continuing Ops 209,769   71,134   10,257  
Non-recurring Events
Discontinued Operations -   -   -  
Extraordinary Items -   -   -  
Effect Of Accounting Changes -   -20,462 -  
Other Items -   -   -  

Net Income 209,769   50,673   10,257  
Preferred Stock And Other Adjustments -   -   -  

Net Income Applicable To Common Shares $209,769   $50,673   $10,257