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Aurcana Silver Corp V.AUN.H

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

Bullboard Posts
Post by Banman17on Oct 16, 2015 7:25pm
188 Views
Post# 24200283

re Glover

re GloverThe only reason Glover is staying on is because Orion is not a mine operator.  Now that they own La Negra, they need someone to operate it and extract all the wealth they claimed on the loan the made to Aun in terms of the property at La Negra.  I'm sure they are paying Glover a lot to stay on, cause without him, they would not be able to extract the silver at such a low cost.  The big problem is where do they get any financing to start up Shafter?  Borrow again - and then they'll take Shafter from under the shareholder's noses again!  It's just like the bankers did during the great depression:  lend out tons of money for people to speculate in the market, then crash it, call the loan and steal the assets for pennies on the dollar.  All lending companies get rich that way, taking no risk.  No they own the no-counter party-risk asset, ie, silver, once they get it out of the ground.  Enough ranting for one night - I'm pissed.

Bullboard Posts