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 Sep 25, 2012 12:28pm

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Post# 20411719

RE: RE: RE: AUN compared to First Majestic?

I think your comparison is flawed. Look at page 28 of Lenic's last presentation which is based on prices as of 8/31/2012. First Majestic has 624 million oz. Ag Eq vs. 162 million oz for Aurcana. And their EV/Ag Eq is close ($3.61 for First Majestic vs $3.23 for AUN).

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