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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
Comment by Cokedrunkon Oct 25, 2007 5:14pm
149 Views
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
Bullboard Posts