High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire"

NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Message: NOT'S financial Advisor....

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scarff

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Re: NOT'S financial Advisor....

posted on Nov 01, 09 11:10AM

According to the figures given in the article, the insitu value of the gold and silver at Frute Del Norte at todays prices would be $14,668,500,000 (billion). Kinross payed only $1,200,000,000 for it. I can understand why Aurelian shareholders were p'd off.

There is no way that deal was in their (shareholders) interests. Even at 2008 metal prices it was still way off.

I personally think we are being led down the 'garden path' by the same architects of that deal.

OK. Aurelian SH got a 63% premium on the 20 day average. If you apply that to NOT on a similar deal we would get approx $2.69 to $3.00 a share. Maybe my math is wrong but I would be p'd off with that deal.

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