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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

Comment by NinetyFourOctanon Jun 27, 2022 10:35am
214 Views
Post# 34784386

RE:RE:RE:RE:RE:Stakeholders

RE:RE:RE:RE:RE:Stakeholders No panic selling this morning as expected. The actual value of the assets has not changed, only the perceived value for the moment. 

Bankrupcy makes no sense unless Mercuria were to force the issue which is not at all in their best interest as they too would loose more than they would working this out some other way.

Given the serious thread posed by the pending recession, both Gold and Silver will shine and lead the way into what will be a long and difficult recovery due to the serious thread of stagflation (out of control inflation with no growth, or worse contraction). 

The departure of the two directors on Friday may be just the preparation for a sale or merger where whoever buy/merges willl want to bring in their own people.

Bottom line: Aurcana Assets continue to be majorly undervalued at the current price due to all the uncertainty, this will clear up hopefully sooner than later.
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