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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Comment by MontyHighon Aug 04, 2008 7:15pm

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Post# 15356885

RE: Congrats Monty...

I originally bought AUN as a pure value play. If it were not for Shafter, I would not buy it today because, without Shafter, it doesn't pass the "must be able to grow up someday" criteria. With Shafter and Rosario and upgraded La Negra AUN should be able to produce 6 million oz of silver / year and that counts as having grown up. I guess we'll see if the price of silver holds up however long it takes to get Shafter and Rosario into production.

Monty

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