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Aurcana Silver Corp V.AUN.H

Aurcana Silver Corporation is a Canada-based company, which is engaged in the exploration, development, and operation of natural resource properties. The Company’s development properties are the Revenue-Virginius mine (the Revenue-Virginius mine or Ouray), located in Ouray Colorado and held through the Company’s 100% owned United States subsidiary, Ouray Silver Mines, Inc. (OSMI) and the Shafter silver property (the Shafter Silver Project or Shafter), located in Presidio County, Texas and held Aurcana Silver Corporation. The Revenue-Virginius mine is located in southwestern Colorado about 5.5 miles southwest of the town of Ouray. Access to the mine site is via County Road 361. The Shafter Silver Project, which is 375 miles southeast of El Paso, in Presidio County, southwest Texas, within a historic mining district.


TSXV:AUN.H - Post by User

Bullboard Posts
Comment by TheRock17on Sep 04, 2007 6:55am
301 Views
Post# 13337869

RE: An Empirical Estimate of Current cash flow

RE: An Empirical Estimate of Current cash flow....."They will not sell 440 tons of copper concentrate per week, plus 440 tons of zinc concentrate + 440 concentrate of lead. In the annual report it is mentionned that they will produce 8-10k tons of copper concentrate / year. This translates to ~ 190 ton / week. So in a week , they might produce something like 190 tons of cu concentrate (+silver credits), 190 tons of zn concentrate and 60 tons of pb concentrate (and the Zn and Pb concentrates should also contain some silver). " You misunderstand my calculations. I stated...... "So, the weekly 440 ton of concentrate would contain 484,000 lbs of zinc, and 242,000 lbs each of lead and copper, as well as about 19,000 oz of silver." Thats 110 tons of copper concentrate per week, 110 tons of lead comcentrate and 220 tons of zinc concentrate per week. This is below their target of 190 ton of copper concentrate per week. My proximate analyses are correct for the guided 440 tons of accumulative ( copper, lead and zinc ) concentrate per week. My metal prices are correct.....and the copper estimate is still well below that of 8000 to 10000 tons per year. 8,000 tons of copper a year would be about 17.5 million lbs per year, worth about $58 million at current prices and the other 3 metals would certainly get us to $95 million So, where is the error ?
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