Aurora Acquisition Corp (AURC)

[WhiteSahara]

My understanding regarding an acquistion a gold property is that major players are looking for mines, with production capacity already in place before making the purchase. If they buy the raw mine, it is simply money out of pocket, for the purchase,financing,and construction. This gives them nothing income-wise to show shareholders for several years time. In this day and impatient age, that doesn't cut it. They would rather pay a premium for current production and have the mine able to pay for itself than just taking on additional debt for several years. One concern I have with the new property is it is nowhere near the original mines. They may finance the two properties together but constrution and onsite management will different crews. It will be alot like having two companies with the great distance involved. Silver is right, the operation prior to AURC was massive manpower and little equipment and technology to mine and produce. They now want good equipment and far less manpower. AURC is not a get rich quick stock IMO. I think a shareholder can get rich, but it will take several years or more for the full value to be achieved.
I am here for the long term.

AIMHO
Airdale