TSXV:AUN.H - Post by User
Comment by
zzthnxon Oct 08, 2010 10:34pm
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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