Replies to post #10056 on Aurora Acquisition Corp (AURC)

[silver100]

Here is how I look at it...

Take our market cap of roughly 30 million and divide it by our gold reserves of roughly 4 billion. You get 0.75%. So in that matter the price of gold only effects our share price by 0.75%. The other 99.25% is due to other factors like the ones gold100 mentioned, mostly the risks of being a pinky IMO. Once our market cap equals our reserves, the daily price of gold will have a greater impact.

A good example of a pinky that is trading closer to the value of its reserve is SRLM