Aurcana Silver Corp V.AUN.H

Metals & Mining Silver

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

Aurcana Silver Corp

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Post by caretired1on Jan 19, 2013 11:50am

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Post# 20861283

first majestic vs aun

In comparing these 2, the m&I resources are similar and FMR just produced silver equiv 9+ million oz for the year - this is AUN rolled forward to the end of 2014 and FMR market cap today is 2.3 billion or about $4 per AUN fully diluted share so I guess thats our target price - based on todays AUN production of 2.5 million silver equiv oz, or just under 30% of FMR, that could suggest a current market cap of 700 million or about $1.3-1.4 for AUN shares today, so discount to FMR is about 30% - I guess thats the show me discount

Just checking our investment thesis - have at it

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