TSXV:AUN.H - Post by User
Comment by
bryancjon Sep 01, 2012 2:54am
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Post# 20287291
Alice Tsang on BNN - Takeover opinion for Aurcana
Alice Tsang on BNN - Takeover opinion for Aurcana Alice Tsang holds Aurcana shares and thinks it's a takeover target.
The recent 43101 estimate is only for 13 zone's in La Negra and Aurcana have about another 13 zones with higher Silver grades. to go from 2.3 million ozs silver to 115 million ozs is absolutely stunning. They can now double or trople production at La Negra with internal cashflow from Shafter, if thye wanted.
Aurcana is probably the best silver growth story right now. Personally I would rather see this company grow into a Major Silver producer which is what Lenic has said his strategy is, however, Aurcana needs to buy or merge with another junior silver producer to defend itself against a takeover and get its stock price up and list on the TSX.
I dont know what the rest of you think but after building a position over several years this is proving to be a real winner.