TSXV:AUN.H - Post by User
Post by
art27on Nov 05, 2008 11:07am
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Post# 15567599
La Negra is peanuts
La Negra is peanutsI have invested in AUN mainly and ONLY because of the shafter mine deal. Had it not been for shafter deal I would have put my money somewhere else. You have to remember AUN got $25mil upfront for half of the lifetime of silver production of La Negra and silver production of La Negra mine is only 30% of the total mine output, the other 70% is zinc, nickel, copper etc... so that was a great deal. So we still keep 15% of the 30% silver production of La Negra. Also upon delivery of silver AUN will receive $3.50 upfront per oz of ag or something like that. I can't wait for the news and the startup of Shafter. If you take silver price $15 in two years AUN should be generating roughly $50mil cash flow annually if they produce over 4mil oz ag + other base metals.
Art27