Replies to post #2789 on Aurora Acquisition Corp (AURC)

[rookinvestor]

Interesting commentary today attached to "drooy" news about the price of gold. Didn't want to cut and paste the entire article here. The commentator makes a case for gold to go to $600 then $640 an oz near term........

[silver100]

I believe I was made aware of this article on this board and it may be what you are referring too: Russian gold mining offers risk and rewards

http://today.reuters.com/business/newsarticle.aspx?type=reutersEdge&storyID=2006-02-15T144728Z_0...

"Russia is a cost-competitive place to mine gold," said Tim McCutcheon, senior analyst at Aton Capital. He said the average cash cost for producing an ounce of gold in Russia was $220, compared with a global average, excluding Russia, of $256.

If you heard from Parkin a cost of around $280 per ounce, that is terrific, and very encouraging. I hope we see an official filing stating so soon.