TSXV:AUN.H - Post by User
Comment by
dutchgolddon Oct 17, 2015 6:24am
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Post# 24200908
RE:All might not be lost.
RE:All might not be lost.
the way I understand the situation now is that aurcana will have no debt,will have $3.5 million cash,will receive $40,000 per month for one year,will own shafter mine which has a mill,needs dewatering,needs drilling....possible 43-101,some machinery,all costing possibly $15 million. its' market cap is $10 million so it could sell 150 million shares at $0.10 to raise $15 million thereby ending up with a market cap of about $25 million...or 250 million shares. this is one possible scenario and the others are a joint venture or simply being bought out. does anybody have any opinions??????