Aurora Acquisition Corp (AURC)

[WhiteSahara]

What is the average PE Ratio for a gold stock? Went to Yahoo’s finance-metals-gold section and looked up each gold firm listed and their PE ratio. Of all the stocks basically in our category, the OTC, none were in the black. No surprise there, but it does say this is probably an all or nothing proposition. Many larger cap firms were in the red and showed no PE. To me this is amazing with the rise in gold prices the past year or two. Even with a 30% rise in price and no meaningful labor cost hikes, people are losing money? No comment.

I like the richness of concentrate of our fields, our low labor cost, availability of manpower, our experience in Feldbush, our affiliation with RSM Top-Audit, our no debt situation and the pressure on gold to continue rising in price. I don’t like our weather situation, our distance from civilization and our potential indebtedness for equipment upgrades/or dilution. That being said, here are some of the PE ratios I could dig up:

AU 375
GLG 214
PDG 105
ABX 41
GG 39
RTP 13
TCB 11

Overall, I feel very conservative valuing ours based on a PE of ten.

AIMHO
Airdale