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Re: None

Monday, 01/23/2006 10:17:36 PM

Monday, January 23, 2006 10:17:36 PM

Post# of 115222

I just spent about 15 minutes on the phone with Mr. Parkin, Got the following information from him:

Share structure is as stated by Treepeople,

There are no preferred shares that exist,

His average buy in price for the company is almost 18 cents,

They are ignoring all the metals in the ore other than gold and silver,

Labor is indeed cheap 25% below South Africa, a major gold competitor,

Top Audit approached him with the deal,

They will be getting modern milling and refining equipment from Germany, it is readily available,

They mine sub-surface ores in the severe cold and more surface ore in the warmer months,

I told him I valued the base costs at $400 per ounce and anything above that as profit. Also mentioned that I felt $70,000,000.00 in net profits were probable and he said base costs were lower, said to do my math,

Asked about the ability to get current value for their gold, ie $550 per ounce. It will be slightly below market because they simply refine the gold to a brick state and let others do the super refining, shaping,

He has been an Attorney for many years but is doing this full time,

Asked about the news today that AURC is being shorted. He is not worried. (I thought scoffing could be heard)

He is a gentleman in my opinion.

I asked if there was anything he could tell me beyond the questions I had asked. His answer, sleep well at night. All in my humble opinion.

Airedale


This post is an opinion and should not be considered reason to buy or sell any security, or to besmirch, belittle or berate any person, religion, cult, creed, race, sex, political party, company or company representative of any age or appearance.