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 zzthnxon Jul 24, 2009 7:34pm

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Post# 16165225

RE: Roulston drops coverage of AUN - Safieko

Man, this web interface of SH really stinks. What a pain. Anyway...

"How much of shafter they have to sell to SLW? 1 or 2 million ounces??"

Safieko, I don't see any reason why SLW wouldn't do a deal for 1 million ounces a year for $40 mil. If they did the usual deal where they paid around $4 and ounce, at $14 silver, they'd get their $40 mil. back in 4 years. Then they a million ounces at $4 for as long as Shafter stays in production which could be 20 years when it's all said and done. That would sitll leave AUN with around 2.5 million ounces a year at Shafter. Throw in their share of La Negra (somewhere around 400K) and AUN is a 3 million ounces fairly low cost (around $7.50 at Shafter) producer.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?