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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
Bullboard Posts
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Comment by straightupon May 24, 2007 6:49pm
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Post# 12835247

RE: Shakeout

RE: ShakeoutI keep thinking about the latest Resource Investor article on Aurcana.I think it was DeLaurier that said he expected Aurcana to buy the remaining 20% of LaNegra and increase production to 2000 tpd. I would not be surprised if Penoles accepted shares in AUN for the 20% as they have in the past. I am just speculating here but is that why it has been so quiet lately, they would no doubt want them at a discount and that is what they would get if it was done anywhere at this price range. Think about what penoles would end up with if Aurcana came out and announced a deal structured similar to my speculation.Probably an instant 50% return.
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Dealroom for high-potential pre-IPO opportunities