TSXV:AUN.H - Post by User
Comment by
Cokedrunkon Oct 25, 2007 5:14pm
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Post# 13691070
RE: Market depth.
RE: Market depth.pipe-I'm sorry to hear. You think so. Why are you on this board, if you think this stock sucks? There are betters stocks to bash aren't there? Like KRY-T.
Anyway on to my point. If you read their last update, they are projecting 20 million CF. They announce a 15,000M drilling program and based on that they will decide about doubling their mill capacity. If they really are losing money, why would they announce the 20M CF and talk about paying for mill upgrade with the half year production.
Another point is why would AUN be losing money? The value of our rock is about $200 per ton and the cost to mine it is probably $20-40 range. So we are looking about $160-180 profit per ton of rock.
Also AUN is not a pure silver producer, so you can't really compare AUN with all those money losers. We are not even listed in Kitco Silver site for goodness sake.
Also comparing ECU to AUN is even more lopsided as ECU-T really can't be considered a producer at the moment even though they are milling, ECU is more of an exploration play. When ECU was in production mode they were making profit, they had a mining operating profit of $764,718 for six month period ending June 30, 2006. Now that ECU is in an exploration phase they are incurring more loss from exploration and from less production.
Heavy manipulation, to get some cheap shares. Before the big catalyst for higher SP next month. JMHO coke