AUN Featured on Equidia!! =) Hey all, few months ago, when Equidia was asking subscribers for PM miner suggestions, I made a post about that here suggesting we should all contact Equidia about getting AUN featured. It looks like the effort we made late last year suggesting AUN for Equidia's coverage did work, as we're just featured in as the "highest growth silver company" in their latest newsletter.
While I don't know if this will do any for the share price, it certainly doesn't hurt to have more extra coverage. =)
Here's a snippet of the AUN feature in their Sunday newsletter. Not sure I'm allowed to post the whole thing, so I'm just posting a portion of it here: Enjoy
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The Best Time to Buy
The best time to buy stocks is when no one else wants them, but fundamentals remain astoundingly strong. That couldn't be truer for the silver space.
While silver can be volatile, strong silver producers generally operate at far better margins than the majority of the gold producers. This allows them to remain operational and cash flow positive, even if silver prices fall.
But with so many silver producers already trading at near 52-week lows, which one makes the most sense?
Highest Production Growth Potential
The company I am about to introduce owns and operates two mines, one of which will soon become one of the largest pure silver mines in the U.S. and one of the largest primary silver mines in North America.
It's also sitting on at least *$4 billion worth of silver, with potential to uncover a lot more.
*Based on NI43-101 resources and current silver spot price
Its no wonder RBC Capital Markets says this Company:
"...offers the highest projected production growth amongst the silver companies within our coverage universe."
A Dramatic Increase in Resource
Just last year, the Company announced a 50-fold increase in resource at just one of its mines.
Legendary silver geologist, Dr. Peter Megaw, believes that this company is not only sitting on two potentially really large deposits, but if they are tracked properly through exploration could have potential to be monsters.
And recent discoveries are starting to show that Dr. Megaw could be right.
More on this in a bit.
Not Just Another Junior
This Company isn't just some junior explorer sitting on top of a deposit waiting for permits, or a junior explorer hoping to hit the big hole; this is an up-and-coming silver producer that is expected to undergo significant production and cash flow growth over the next few years, catapulting it from junior producer to senior status.
The Company is pulling silver out of the ground so fast that if its identified growth potential is met, it would join the ranks of companies like First Majestic, who currently has a market cap of $1.38 billion.
As of today, the Company only has a market cap of just over $200 million.
Current silver production is expected to more than triple and the Company is expected to undergo significant cash flow growth over the next few years.
Best of all, with the recent market dip, the Company is now trading near its 52-week low - yet, it continues to grow and churn our more cash than it ever has before.
With much of the hard work and capital intensive proceduressalready completed, the company is now in a position to grow organically with just their budgeted sustaining capital.
Analysts are already telling us that this Company is:
"Building the next significant silver platform."
Silver Company Success
I can boldly say that EVERY silver company that the Equedia Letter has ever covered has shown great opportunities for major gains.
That is why I am excited about my next silver investment.
If you're looking for the next silver play with incredible production growth potential and massive exploration upside, you've found it with:
Aurcana Corporation
(TSX.V: AUN)
(OTCQX: AUNFF)
Aurcana Corporation (Aurcana) is an up-and-coming silver producer that is expected to undergo significant production and cash flow growth over the next few years.
It owns two operating silver mines: the 100%-owned Shafter silver mine in Texas and the 99.9%-owned La Negra silver-copper-lead-zinc mine in Mexico.
Last year, Aurcana produced over 2.5 million silver equivalent ounces, with revenues of nearly US$56.9MM, with a total cash cost per silver ounce net of by-products of US$6.43.
As the Company ramps up production, those numbers are expected to increase dramatically.
Production Expansion and Anticipated Growth
Aurcana recently reached new capacity at La Negra, churning 3,000 tons per day (tpd). It wasn't doing that last year, which means it will produce more silver than it ever has before, at a lower cash cost.
At the Shafter mine, Aurcana is ramping up in hopes to reach steady-state levels by the end of this year, or early 2014.
Production at Shafter is expected to quadruple by 2015, with annual silver production forecast to increase from 1.5mmoz in 2013 to 6MMoz in 2015.
That means Aurcana is on the verge of becoming a senior silver producer, producing in excess of 5 million ounces per year.
But that's just the tipping point.
If Aurcana can reach their production potential at Shafter of 2,500 tpd, they could be producing in excess of 10MM ounces of silver annually; thus, surpassing many strong senior producers.