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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Comment by zzthnxon Feb 18, 2010 11:45pm

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Post# 16798517

RE: The Korelin Economic Report Feb 17 & 18

Thanks, Taco. Just listened to the Feb. 17th show. Lenic says 2009 net profit is around 2.5 million and upon expansion to 1500 TPD at La Negra in late Spring, net profit should be around 1 mil. per month.

So if that works out as planned, Aurcana should be valued at around .80 per share when the expansion is complete (at a p/e multiple of 10), just based on La Negra alone.

K, now I'm going to go listen to the Feb. 18th show, which is about the Shafter mine. Cheers!

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From now on, dynaCERT instead of Bitcoin or NVIDIA?