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.

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Aurcana Silver Corp

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Post by JonEcashon Feb 19, 2008 1:31pm

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Post# 14393410

Only a matter of time.....

Using prices based on the company's technical report of $12, $1.05, and $2.80 for silver, zinc, and copper respectively (note I adjusted zinc down since $1.40 was too high), we get an expected annual operational cash flow of $13.5M. This is right in the middle of management's forecast of $12-$15M. Using more current prices of $16, $1.05, and $3.25, I get an expected annual operational cash flow of $17.5M. A 30% increase! A range of multipliers from 5-7.5 means a pps of $0.90 to $1.36 for La Negra alone.... J$

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