TSXV:AUN.H - Post by User
Post by
dutchgolddon May 16, 2016 4:10pm
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Post# 24878425
aurcana pea and potential production
aurcana pea and potential productioni spoke with aurcana and was told that it would be initiating a pre-feasability study that would be completed about mid summer.
Aurcana has no debt.
i was told that the mine is built...fully functional...fully paid for.....worth $110,000,000.....needs some new equiopment to go down to the 1000 ft level for which a shaft has already been built.......and then proceed to mine about 10 ounces per ton at a rate of 1000 tons per day.
this would be about 3,650,000 ounces per year.
i was not told how much other minerals would be added ....ex. gold-zinc-lead-etc.
aurcana has $,4,000,000 cash and few shares outstanding.
it is expected that the all in cash per ounce will be about $17 per ounce.
i own shares and will buy on any dips.
i expect silver to increase in price this year
aun market cap is $25 million.
gpr.to produces about 3,000,000 ounces silver and has a merket cap of $329 million.
if the silver price goes to $50-$100 this year as some are saying then aun could be worth 2-3 billio dollars.
i am just an average investor and would like any feedback...positive or negative....................
thanks,
dutchgold