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 slowwhizzon Jul 08, 2012 10:44pm

248 Views

Post# 20093457

RE: Hold tight, the cavalry is coming!

Relative PEs (based on Yahoo Finance for First Majestic and SilverCorp Metals and HGW's predictions for production for AUN :

AG: PE for ttm = 15.47, PE for future = 8.83

SVM: PE for ttm = 13.18, PE for future = 9.72

AUN: PE for ttm = 39.78, PE for future = 3.98

Seems Aurcana is overvalued currently, presumably the market recognizing a big production increase coming over the next year, and undervalued for future (EOY earnings 2013) relative to First Majestic and SilverCorp. Market taking a wait-and-see for future Aurcana production.

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