Reality Check

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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ebear

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Reality Check

in response to

Re: Meridian

BritNick

posted on Sep 01, 2008 01:10PM

BritNick wrote:

BTW $60.00 a share is nothing short of ludicrous at this stage.

Some recent market caps:

Barrick: 32.21B
Goldcorp: 25.74B
Newmont: 18.78B
Kinross: 10.77B
Agnico: 8.76B
Yamana: 8.06B
Aurelian: 920.81M

market cap of ARU @ $60
undiluted
152.2 million X 60 = 9.13B
fully diluted
165.1 million X 60 = 9.91B

So...

Aurelian is worth half of Newmont?
Almost as much as Kinross?
More than Agnico or Yamana?

Yeah, maybe....

IF we find the western fault
IF we expand the resource to 40M oz
IF we find the satellite deposits
IF we can build the mine for under 600M
IF the mining law isn't too restrictive
IF the tax burden isn't too heavy
IF we keep all our concessions
IF the price of gold stays above $1000/oz
IF ungulates become airborne

Of course Kinross can make all this happen, right?

Boy howdy, then those warrants would really be worth something, wouldn't they?