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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

Post by NinetyFourOctanon Nov 02, 2020 12:17pm
269 Views
Post# 31823125

4.5 to 5.0 MM oz pa with RV along

4.5 to 5.0 MM oz pa with RV along 1, Multi-year Target for Revenue Virginius Mine alone is 4.5 to 5.0 MM ouches per year once mine capacity reaches the full 400 t.p.d. from initial 270 tpd in April 2021. 2, Shafter Project has a potential 1,500 tpd operation which could be brought online as early as 2022. Given 1, and 2, above Aurcana is significantly undervalued at the current price of 0.83/sh. We are looking at >>$2/sh in 2021, and then upwards from their in 2022. Greatest risk to achieving the above ---> Silver Prices staying above $18/oz, we are currently at about $23.50/oz and rising so this risk is deemed very low.
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