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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Post by Shaunsawon May 21, 2013 2:41pm

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Post# 21422370

In for a trade

I'm in for a few shares. This seems overdone IMO givin the resource and potential production increase. Yes management has blown it, yes the last new release was questionable. But AUN is in two big systems with long mine lifes. Im hoping they have enough financial strength to get back on track. Potential for near term bounce trade or long term winner. Silver prices could sit in the low 20 range or even less for a couple years however, net by products should keep them a float. Tighten up the spending and hunker down once the Texas mine hits guidance for a few quarters.

I feel for the longs here, could have turned out very differently.

Glta

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