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 art27on Nov 20, 2008 4:59pm

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Post# 15599961

Rosario project

"Aurcana has been approached by several parties regarding a transactionfor the Rosario project and as proposals are received they will bereviewed to maximize the value of Rosario in the current market."

Do you think they will sell the Rosario project and focus entirely on Shafter and La Negra for now ? That might be a good move. Maybe by selling Rosario AUN will get enough funds and avoid another "silver stream deal" to start the Shafter going ? I'd be happy with that. Maybe by the time they start the Shafter silver prices will be back at $20 I think with silver at $20 and La Negra + Shafter fully operational they should get enough cash flow to acquire other interesting project at a later date.
Any comments ?

Art27

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