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.

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Aurcana Silver Corp > Restart of RV confirmed, start-up funding finalized

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Comment by uudamannon Dec 11, 2020 3:02pm

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Post# 32090137

RE:Restart of RV confirmed, start-up funding finalized

In the second year AUN will be obligated to repay close 1/3 of the loan, when pricipal and interest payments kick in. That leaves very little margin if things do not go smoothly. Mercuria has no real collateral if the mine restart fails. Seems like Russian roulette for both parties or a variation of the circular firing squad with bone crushing interest rates the ammunition.

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