TSXV:AUN.H - Post by User
Comment by
JonEcashon Jun 03, 2009 8:24pm
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Post# 16041830
RE: RE: NR: Aurcana takes control
RE: RE: NR: Aurcana takes controlPositive. Certain production costs are fixed, so to increase throughput (and therefore revenues) is definitely a plus. Furthermore, there are certain efficiencies that are achieved as per the NR stating improved concentrate %.
As for profitability at these prices, I think it could be close with the planned expansion to push it over. Back when La Negra started production (around June 2007): copper, zinc, and silver, were approximately $3.25, $0.80, and $13 respectively. Today we are around $2.20, $0.68, and $15. However, since starting operations the Company has mined more profitable ore, become more operationally proficient, and taken a number of cost cutting measures.
Once again today's volume is indicative of good interest in this stock. Even though the price hasn't moved, we have had 7 STRAIGHT SESSIONS of positive buying/trading. Check out the accumulation and money flow that has been going on for a long time now. Eventually the consolidation will end, and a little bit of positive news will send this much higher. I believe that within a couple month's time we will also have a "golden cross" on the daily chart as a technical indicator for this to move as well.....
All IMHO.
J$