Replies to post #39363 on Aurora Acquisition Corp (AURC)

[PASHA]

I don't think this analogy is right b/c these mines will keep producing and profiting ,as the gold goes higher the asset become more valuable than any car.

[sub360]

yeah but chances are the person selling the $30,000 car isn't going to let it go for $10,000.

just like aurus i hope won't sell 8.5 BILLION dollars of precious metals for only 319 million dollars. that would be like selling that $30,000 car for $1200 bucks.

i think there are many things to consider, and one of them is that like snow said, we have 8.5 billion in assets. there is a good chance that the buyer is not going to be interested in maybe 1 billion of those assets... ie: scandium,cobalt...

a gold only company is not going to care about those metals because they would have to completely redesign thier buisness model, and purchase the proper equipment just to process it which would probably not be worth it.

But i also don't think they should expect to get those other metals for FREE, just because they say they won't process them. so i would assume they would get a discounted price on them.

However if it were a multi-metal enterprise, who have a more diversified array of operations then they would pay a premium...

multi metal enterprises anyone?

[partysasquatch]

Get your calculator out. Start with how much you think it costs when over 4.5 billion of the assets are already crushed and stored in a pile above ground.

Party