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Aurcana Silver Corp V.AUN.H

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

Bullboard Posts
Comment by JonEcashon May 01, 2010 12:27pm
428 Views
Post# 17052175

RE: RE: Expansion on Track

RE: RE: Expansion on TrackHey guys, I just quickly scanned through the MD&A.  Lots of positives.

But there is one area where I am confused....  Looking at page 12 of the MD&A, you can see that in Q4 alone they realized a loss of
.01 per share.  I was expecting something more in line with Q2 and Q3 where they realized EPS of
.03 and
.02 respectively.  This result looks primairly due to there being only $2.3M in revenues for Q4 compared to $5.2M in revenues for each of the previous two quarters.....

Then looking at the schedule on page 7 of the MD&A, production and SALES for Q4 looked consistent with (if not higher than) the previous 2 quarters.  So what happened in Q4?  Based on the production/sales, and higher metals prices one would think it to be positive.

Anyways, that is one question I will have for management unless anyone here can explain it to me.

J$
Bullboard Posts