At the time Bema was taken out they were projecting 750,000 ozs. per year starting in 2009 I believe. Aurelian is projecting around 1 million ozs a year of very high grade gold starting in 2012 and this # is likely to get much higher.

Bema was an all stock deal for 3.1 billion. Aurelian for 1.2 billion. Even if you say politically Russia and Ecuador are on par this is a horrendous deal for Aurelian shareholders. On top of that gold is higher now and the US dollar has tanked since the Bema deal in 2006 amd the Seniors are craving for gold like no other time.

Time to change the batteries in your calculator Patrick.