Aurcana Silver Corp V.AUN.H

RE: Today.

[straightup]

I agree with the financing issue and that it with the delay in the resource report has held us back.With gold breaking through some key resistance today I would not be surprised to see it fall another $40.00 wich will also make it difficult to move up. We should keep in mind that the resource report although delayed will be out soon and Aurcana feels very positive about what it will contain.They are so sure that they are NOW moving ahead with increasing mill and mine capacity.The release of that at the right time could cause a good boost imo. If we go back and look at the last time we were in the same position with the last financing Ken came up with news at just the right time then.Funny how that happens. I am not saying Aurcana could not go lower but I think we provide good value here at our 200 dma.Most of the explorers got killed today and probably rightly so when everyone is so unsure of what the future holds.Much better to own a producer. 50 million in earnings and a conservative 5 times multiple we have over 100% upside in a year.Another interesting little bit of data today that went unmentioned is that the IMF is increasing it's estimate for global growth.What does that mean? Higher commodity prices. If AUN does go lower consider it a gift.The numbers don"t lie.Forget Resario and you still have value.