a few questionsThe Aurcana clown car has departed Ouray Colorado and the executive team is standing knee deep in a snow drift watching micro ice crystals form as they exhale. Now that they are 6 miles from the Revenue-Virginius mine entrance what is their plan when silver drops to $14/15 or 16$/oz valuation? Their FS calls for $18.50/oz. As I recall Fortune had pencilled in $20/oz. However Aurcana has additional obligations to repay Lascaux the guaranteed loans issued to Fortune plus another 40 million USD capital inputs required to 'open' the mine.
Included in the Aurcana required mine upgrades, and yet to be constructed, will be a berm to protect the mine site from avalanche. I wonder if Aurcana will be using the same snow suits worn by Fortune personell (during 2014/2015) until the berm is constructed?