Aurora Acquisition Corp (AURC)

[2create]

Answers for All, O/S & Valuation hereof:

As I have previously compared AURC to five other Gold stock companies here on the board...
This would Now be an update on Valuation based on the Current PPS and the 'Potential' NEW acquisition (assuming ALL 500 mil shares were to be fully issued)
*Keep in mind however we Only have 168 mil Issued NOW 'Including 91 mil Restricted shares*


In the case of AURC … using 2006 Gold pricing at $500/ounce min. avg. & Cost of operations @ $275/oz & 'IF' all 500 Mil shares were to be issued (In Place of ANY L/T debt funding) the following would apply:


Current Gold Price 500
- cash costs / oz. 275
= gross value / oz. 225
* reserves (mn oz.) 7.1
= Gross gold value ($mn) 1,597
- Long term debt 0
= Net gold value 1,597
Gold value per share 3.19
AURC Share price .15
Discount / premium -95.42% !!!

The 'Lowest' of the five other companies cited in the past post were trading at a range of -28% PPS/Reserve ratio, to the highest which was at a Premium of + 7% PPS/Reserve ratio!


**NOTE: ANY debt funding in liu of equity funding will Only Improve/Make more attractive the PPS/Reserve ratio ;) **