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snow

05/30/06 10:59 AM

#11427 RE: dreaminofsailin #11411

dream

I suppose I made a mistake using my computer somehow. When I made the calculation by my own brain tonight I arrived at the same conclusion as you - that the reserves will last 10 years instead of 100 and that the revenues will be 10 times as I first thought. For this reason I tried to buy 80,000 shares today. I guess I bought then at 22 cents but I don't know yet.
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sub360

05/30/06 1:32 PM

#11441 RE: dreaminofsailin #11411

minus the maximum stated russian production cost of $225/oz would put this AURC at about .92 a share i beleive... so we are still very undervalued.