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.

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Aurcana Silver Corp

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Comment by caretired1on Apr 16, 2013 11:39am

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Post# 21259042

RE: RE: RE: Bottom?

Guys, stop with the PP talk. Options and warrants in the money today are $19 million + proceeds to the company this year. This year, silver over $20 produces $20+ million of cash after tax for this business. Together thats 2 years of capex to get to 1500 tpd and optimized 3000 tpd by this year end which should bring run rate production at ye 2013 to over 6 million equiv ounces. Could we hedge from here to ensure this is not at risk, maybe. Do we have any need for equity - no way.

Take your PP thesis to another company, its way too tiresome here.

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