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.

TSXV:AUN.H - Post by User

Aurcana Silver Corp

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Comment by art27on Nov 15, 2008 4:56pm

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Post# 15588874

RE: RE: RE: RE: RE: RE: Reverse Split

Everyone is talking and talking that silver is undervalued, there is a shortage, Comex fraud and blah blah. Meantime AUN has fallen from $1.85 to 10 cents. I hope by the time silver turns it won't be too late and AUN is not out of business. There was a time in 2005 when AUN's SP went from around $0.07 to $1.80 in one year. However, back in 2005 price of silver was $8 and there was no shafter deal. Today silver is at $10, we have 70mil silver reserves + zinc and copper and stock is trading at $0.10 We shall wait and see. If comex defaults in december and POS goes and stays at $20 then SP should reflect by moving up. $0.10 is beyond ridiculous for a producer. The infrastructure of La negra ALONE is worth tens of millions of $$$. Meantime AUN's market cap is $11mil. Where is the logic ? There is none!

Art27

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