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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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Comment by bluestaron Jan 04, 2015 2:24pm
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Post# 23284032

RE:RE:RE:RE:Sorry to correct/add to that

RE:RE:RE:RE:Sorry to correct/add to thatlol.remember that anything you are told by this company could be totally false.they have a long history of not telling the truth to shareholders. the sp has fallen from over $10.00 to 28 cents.this drop is not because the company is doing anything well. they recently missed 3 months of payments on their 40 million debt to orion. lenic walked away,probably due to the fact there was nothing left to take out of this mess.people talk about surviving the low silver prices until it rises but that is a longshot,imo.if silver suddenly shoots up to mid twenties,this would probably do quite well but again,what are the odds of that happening. can they pay the 40 million off at low silver prices?
it sure doesn't look like it. bancruptcy still looks like the most likely outcome.
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