This is way i can't see Dovgan rationale for the 68 cent share price,Something is not right about this deal.
'Easy gold haul' for Aurus
16:24:12 GMT, 07 December, 2006
Aurus has announced that it is now producing gold.
Its tax net revenues "exceeded all expectations" and the company is therefore going to produce both gold and platinum from its Krong rare earth reserves.
Fedor Dovgan, president of Aurus, said: "The low cost of mining the accessible rare earth minerals as well as the ore shall produce net revenues that shall be superior to the evaluations previously forecast by its geologists.
"We certainly can afford to pay dividends to the investors."
He also said that investors will be able to see all the company's production figures and within three days the amount of the shareholders' dividend will be announced.
This comes after late November's announcement that the mineral extraction process is straightforward with no foreseeable obstacles.
Mr Dovgan said that Aurus didn't face the unpredictability of underground mining because they could literally see the gold.
He added: "The low costs of production makes this venture extremely profitable".
Aurus seeks to acquire gold reserves throughout Russia and other emerging countries.
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