Aurora Acquisition Corp (AURC)

[WhiteSahara]

Here are several more articles on gold price estimates, new mine production, and production costs. The middle link story has gold prices declining later in the year.

Look at the price tag on the first link to develop the mines, $1.35 billion. Also note production costs of only $210 per oz. Also, early production is only double what AURC's goal is for the first mines they acquired. One must wonder if the high cost of startup is due to ultra high efficiency. If Australia's cost of production is typically around $256 per oz., this mine provides a savings of $46 per oz.. Times that by 11 million ounces and they save over $500 million on the cost of production.

Please note the bottom link about Boddington. It's a PDF file but shows the average gold per ton at .778 grams or .025 ounces per ton. Man does that make our ore look uber rich, over twenty times richer on the average.

AIMHO
Airdale

http://www.theage.com.au/news/business/gold-titans-could-spend-135bn-on-mine/2006/02/28/114109573928....

http://za.today.reuters.com/News/newsArticle.aspx?type=businessNews&storyID=2006-03-01T090946Z_0....

http://www.newmont.com/en/pdf/nowandbeyond/NB2002-BGM.pdf