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?

ebear