TSXV:AUN.H - Post by User
Post by
gracz11on May 15, 2007 11:23am
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Post# 12782664
RE:AURCANA and histerical shareholders
RE:AURCANA and histerical shareholdersPlease RELAX volume is non existent and silver will be at 20$ this year and it will propably surpass it's all time high of 50$ which in todays $ is equal to 135$!!!!!!!!!!!Imagine where AUN share price will be . Do you remember .com valuations that is where we are heading.
Conclusion
Aurcana management has done an excellent job, and particular kudos are due to their outstanding Mexican relationships of which we understand many other juniors operating in that country are considerably envious.
In sum, we believe that La Negra will be 100% owned, and will be expanded, Rosario will come online, a new mine will be acquired, reserves will grow, and drilling will yield consistent hot news flow. Given this, we see considerable catalysts leading to a higher share price in the next couple of months, and even more in the long term.
Indeed, the combination of the above could result in C$1 per share in cash flow for 2009 at current commodity prices, and, we believe, a 24-month share price target of anywhere between C$6-C$10.
Aurcana has already delivered multi-bagger returns to those who follow your correspondent’s work, but it is our belief that AUN, now on the institutional radar screen, is a blue-chip junior with great people and great properties to tuck away, because it is fairly low-risk and predictable, yet still can deliver exciting multi-bagger returns.