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ibreken

01/26/08 9:43 AM

#89198 RE: dreaminofsailin #89197

I have no doubt that dp got him started on or at least connected him to the story. But I also have no doubt that Helmer was in touch with Igor Migachev, general director of TsNIGRI as noted in the article. He wouldn't just write that without having spoken to him. These are direct quotes. The fact that the 'documents' AURC posted were beyond unprofessional added to their refusal to post the entire report for what, about 2 months now speaks volumes about their likely validity. Did AURC pay some rogue TsNIGRI guy to make these documents but they are pretty much meaningless? I don't know but I do know in Russia money talks more than almost anywhere in the world. That whole RSM fiasco speaks to that. And coincidentally that RSM guy was very closely involved with AURC? I mean really, cmon. If this guy was making claims against a company with at least a shred of credibility of following through or providing any proof of anything I could see your defense. But in my opinion this is just the tip of the iceberg and there will be many more revelations to come.

There is just one problem, thimble-sized. Igor Migachev, general director of TsNIGRI, told Mineweb he has never heard of Aurus; Krong; another Aurus company called Zabaikalgeoprom; or the pyrite ash dump, which Mineweb has located at the chemical combine at Roshal, a town not far from Moscow. Migachev says the contract document and the report document are "fake"; "they have been forged", he charges. According to Migachev, "we have worked, and we are still working in the US with only with one company - Traivelli Corporation. We have worked with gold in Alaska. We did some projects for them in the US, and also some projects on oil in Siberia. We have never heard of Zabaikalgeoprom, Aurus and Krong."

Regarding the so-called Krong reserves near Moscow, Migachev told Mineweb: "this is an old story that there is gold mining next to Moscow and in central Russia. In reality,there are sand-gravel pits where you can theoretically mine gold. It's approximate content in the mix is 10-80mg per tonne. We've calculated the economics, and it is reasonable to get gold from there, if you process 1 million tonnes of this mix per year. It is a very costly, low efficiency gold mining process. It could attract none of the current gold miners. There are no other places which could be called ‘tailing dumps' around Moscow. I think they are misleading their audience by talking about these pits."


That second paragraph sums up what AURC has been doing perfectly in my opinion. Their actions this past year just scream it out. Could they be mined? Probably. Not economically though. Then the 'mystery' production that nobody is willing to question....which is at the heart of the entire game.