C.Note,

The simple answer (which I think is correct) is the 746,190 shares represents only the shares traded in Canada on one side, but maybe 11,500 traded in the U.S. was purchased by an American client of a U.S. broker who in turn purchased them from a Canadian broker. In the latter case, there would be double counting. But say that happened and then the American sold them to another American, those 11,500 shares would be separately counted for from the Canadian exchange total.

But, you asked a good question that I would have asked the Toronto Exchange for a full answer except I will be travelling next week. Maybe a broker in Canada can do that for me and post an answer here.

This much I know: Many Canadian headquartered companies are listed to trade on a U.S. exchange or market like NYSE, AMEX and NASDAQ. If trading on Toronto and NYSE/AMEX, most often the same ticker symbol is used, but not always. Goldcorp, for example trades as G in Toronto and GG on the NYSE.

It is a simple, but not inexpensive matter for a tiny Canadian company, to make a 12g filing with the SEC in order to permit regulated trading of its shares in the USA. If so, the shares must have U.S. brokerage sponsorship, which gets these shares quoted in one market or another -- perhaps the pink sheets, which mostly the brokers use, or the OTC Bulletin Board system, which, while not quite Nasdaq, does have quotes that the public can more easily obtain.

Any non-American company that trades on the OTCBB has a ticker symbol that ends with the letter F, for example AUREF. Aurelian trades on the junior or venture exchange component of the Toronto Stock Exchange under the ARU symbol (not AUR). The change to ARU would have been required by the Exchange officials who needed to differentiate this company from Aur Resources. There would have been too many trading mistakes otherwise.

Because of the discovery in March this year of a world-class orebody and the financing of $20 million in treasury shares that soon followed, Aurelian will be applying for a senior listing on both the Toronto and NYSE/AMEX markets. I'm sure they will choose the same symbol.

Prior to listing they will need to file third party expert opinions on the gold resource property, plus audited financials, etc. All of these filings will be available to the public at SEDAR (Canada) and EDGAR (USA). In Aurelian's case, some of the major broker-dealer firms will start to follow the company immediately, and coverage will be initiated with a comprehensive review of these publicly filed documents.

In the case of Aurelian, I will do that same high quality review in July, just as I will do for Crystallex (KRY) and also Guyana Goldfields (GUY in Toronto and GUYFF in the USA).

btw, after my 2 hour 15 minute private meeting with Crystallex CEO Todd Bruce yesterday afternoon (Cramer only had 45 minutes before he went on air at CNBC later that same day to start touting the stock), I did happen to meet up with Guyana Goldfields CEO Patrick Sheridan, and his father (Mr. Platinum) JP Sheridan. The GUY/GUYFF story also needs to be told, so I intend to do that as well.

With respect to Crystallex (KRY on TSX and AMEX), my meeting went well. I learned enough to admit that I had done insufficient homework before blogging about this company a couple months ago. All I will say at this point is that the Company has changed its culture. I now respect very much what is there, but I still need to do a valuation and put some scenarios together that would be a professional opinion.

For a 4th study, I will meet up with Rob McEwen at U.S. Gold Co (USGL) to discuss that possibility.

This professional research will be available in one form or another to the readers of the blog, but as there are large costs involved in producing the full reports, I will have a business model of some kind, and that will likely be linked to the offshore securities trading firm I am planning for this year. These full reports will be primarily intended for the professional market, however.