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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 AngelEyes3on Dec 16, 2012 11:01am
300 Views
Post# 20736746

RE: RE: RE: RE: RE: RE: RE: RE: RE: valuations and

RE: RE: RE: RE: RE: RE: RE: RE: RE: valuations and

Sit back and buy the pull backs on this one. Silver is till the only commodity that has not repeat has not broken it's previous 1980 high. Yes it was near 50 dollars but it did not break it. Also they are using massive amounts of paper silver to keep the price suppressed. That is correct suppressed. Additionally most of the above stock ground silver has already been used up and they are finding more uses for it every day. If silve was currently keeping up with gold ( most of the gold ever mined is still around) than todays price would be near and above 100 dollars. When the move comes for the final leg up in silver and gold the commodities as well as the shares will move parabolic. That means in some cases a stock trading in the 1 dollar range might move to 50 dollars plus by the time the move is over. Over 40 percent of the move will take place in the end. That was the case for many shares in the 1980's. I had owned FR in the 3 dollars range and sold it in the previous move towards 20 dollars. It seems we have a similar story here but with 5x the amound of shares outstanding. Therefore once both mines are producing at the max the market will move the share prices higher. If you examine AUN you will see that the share price has been capped. It is under accumulation and once the boys have the story and the amount of shares they want it will run. Until than you are wasting your time will the small stuff. Start looking around for the next FR stock that has not been on the radar yet.

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