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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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Post by art27on Nov 24, 2008 6:08am
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Post# 15605572

Clarification please

Clarification pleaseOn AUN's website it says (news section) Shafter is sheduled to start 15 months from the finalization of the agreement. If you open their nov. 2008 PDF presentation it says: "Production anticipated within 24 months".

Does it mean they anticipate to start Shafter on nov. 2010 ?
Burning cash $150,000/month I don't think they will survive 2 more years unless they sell Rosario and do a silver stream deal on shafter. IMO

Art27
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities