Aurcana Silver Corp V.AUN.H

Just Pondering

[angler21]

My point of Comparison is Endeavour Silver T.EDR - trading at around $3.55 Cdn Their news release dated 17 Sep 2007 Mine Guancevi produced 600 tpd budgeted for 800 tpd Our mine Rosario - produced 600 tpd Porvenir mine in Guanacevi - production 250 tpd in 2007 Bolanitos Mine - production 450 tpd in 2008 *************** La Negra mining 1 out of 23 existing ore bodies (It is behind the statement of a 4 year mine life) We are producing 1000 tpd Rosario (8515 hectares) - mill is being upgraded to handle up to 1200 tpd and put it into production by the end of next year. ***************** Financial Statement For us paying for a new mine - getting both mines up and running we reflect a total loss of $144,422. This year we gave stock based compensation of 2.8 million dollars and ytd loss is 3.3 million dollars. Our cash on hand is 14.8 million dollars with A/R of 2.5 million dollars. We have about 4 million dollars in current liabilities not including shareholders equity figures. La Negra has only been in production 74 days by end Sept. Our gross margin is about 30%. Me thinks that by year end this could be on the road to a profitable year next year. The public does not show interest until the hype of production or the acquisition of a new mine. These are just some of my thoughts. I am not an analyst but when you look at Endeavour and you look at Aurcana I think it is moving in with the bigger small boys.