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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Post by Baer1on Jul 30, 2014 11:54am

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Post# 22794426

Value

FYI: I still hold 5 shares. Keeping an eye on AUN to see if there is an entry point. It just ocurred to me that, if there was real value left in this company, some other miner would be eyeballing it at this price for acquisition. Assumption of debt and obligations could be an issue against that. There is the possibility that Lenic mucked things up to the point that it makes more sense to let the company collapse and buy the assets after, without the obligations. Speculating here, but this line of reasoning makes sense to me. I'll be interested in others' comments.......

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