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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 > Today post
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Comment by redbarchettaon Jan 10, 2022 10:51am
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Post# 34299790

RE:RE:Today post

RE:RE:Today post

The way I interpret this is it's likely still up in the; or it's not definitive either way. Give them the good news we know now I.e., major grade improvement, and he’s probably setting the worst case scenario for 100% start up in May. If they beat this, he looks like a star. If they do need more money, the price will likely recover somewhatfrom this news in the interim, say between . 45-.50 - especially if silver holds steady or improves in price. So it'll be less dilutive down the line.
So far, they probably have enough cash-flow so they’re pulling it off. I also agree .40's are behind us. Glad I grabbed 20,000 more shares at .36$. 

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