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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 zzthnxon Oct 08, 2010 10:34pm
274 Views
Post# 17547816

RE: RE: AUN STILL UNDERVALUED

RE: RE: AUN STILL UNDERVALUEDUnless, they're still wrangling with SLW over legal issues related to Shafter, I can't imagine why AUN can't do a deal like Timmons Gold did with Sprott, where they received the funds to start up their San Francisco mine in return for so many thousand ounces of gold per month until the loan is paid off. Make a deal where we pay off the $40 mil. in silver ounces at a cost to the lender of $15 per ounce. So, say for 3 years the lender gets 1 million ounces a year, at $23 silver, their $40 million is returned with $69 million worth of silver, and AUN still has close to 3 million Shafter silver ounces to generate profits at a cost of $8 per ounce, at $23 silver, that would be 3 mil. times $15 or around $45 million profit for AUN for the first three years just from Shafter, not to mention La Negra's cash flow. Cheers, zz
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