Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Message: Re: Commentary/Review
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May 08, 2008 03:55AM
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May 08, 2008 05:14AM
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May 08, 2008 07:08AM
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May 08, 2008 08:11AM

the land is leased but the cost is literally dirt cheap. you can find the company's discussion here:

http://www.aurelian.ca/investors/fin...

the cost per hectare is $1/yr for years 1-3, $2/yr for years 4-6, $4/yr for years 7-9, $8/yr for years 10-12, and a whopping $16/yr for years 13-onward. in other words, the price of the aforementioned sick chicken. with fees that low, the land can be locked up forever, so there isn't a lot of difference between leasing and buying. even for a small company like aru, those costs aren't much more than a rounding error.



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