Replies to post #11441 on Aurora Acquisition Corp (AURC)

[2create]

Sub, I'm sorry, but please elaborate on how 'you' feel the AURC PPS should only be .92/share?

...does your decimal point need to be moved over to the right one ;)

[Heartbeat]

sub360, you are very wide of the mark with your estimations of AURC's value imho. You are correct that AURC is very undervalued at the moment but you greatly underestimate the extent of that. The link in the Information Box gives a guide to estimating the value of mining companies based on their proven and probable reserves.

LINK to Publicly Traded Gold Stock Valuation Comparisons and In-Depth Analysis:
http://www.goldstockanalyst.com/sample/0206.pdf

Based on AURC's current 7.1 million ounces P&P reserves (and ignoring the silver and other metals for this exercise) and taking a gold spot price of $650/oz, giving us an average valuation of $256 per ounce of P&P reserves......

7.1 million x $256 = $1.8176 Billion

O/S = 103 million

Average PPS = $17.64

This is the average PPS for a gold mining company with AURC's level of gold reserves. AURC also has very considerable reserves of silver and other metals which should increase its value above the average. A negative factor is that it is still trading on the Pink Sheets and is subject to price manipulation by the NSS. The mines being in Russia might also be considered a negative on the US markets due to concerns about government policies there.