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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
Post by JonEcashon May 03, 2007 2:43pm
381 Views
Post# 12720665

Cash flow.

Cash flow.This company doesn't need any hype. It just needs to follow through on its business plan of producing at low cost and high profit. I love these quotes from their lates f/s: "In relation to this contract, Minera La Negra signed a purchase contract with Trafigura whereby Trafigura agreed to purchase 100% of zinc concentrate to be produced during the year 2007 by the La Negra Mine BASED ON THE PUBLISHED PRICES in the Metal Bulletin in London in US dollars." and "Minera La Negra signed a purchase contract with Trafigura Beheer B.V. (“Trafigura”) whereby Trafigura agreed to purchase 100%, evenly spread from January to December, of copper concentrate to be produced during the years 2007, 2008 and 2009 by the La Negra Mine. Production is estimated to be 8,000 to 10,000 tons per year for prices BASED ON THE PUBLISHED PRICES in the Metal Bulletin in London in US dollars" Correct me if I'm wrong, but it doesn't look like any forward price hedging contract by Trafigura to me. As the price of these base metals climb, so too does AUN's profit. J$
Bullboard Posts