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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 andre171on Feb 08, 2022 2:56pm
222 Views
Post# 34409740

Article on Seekingalpha

Article on Seekingalpha
New article from Taylor Dart:
https://seekingalpha.com/article/4484965-aurcana-an-inferior-way-to-buy-the-dip?mailingid=26634820&messageid=2800&serial=26634820.4921&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=2663948120.4921
 
It is clear that its forecast of a 2022 production of barely half of the forecasts is realistic.
Like him, we can only deplore the new dilution of capital.
However, in my opinion, compared to the situation at the beginning of December, I consider that Aurcana retains the same potential, while having its development delayed by 6 months, with a diluted capital of + 8%. With the price of silver more or less equal, does this justify a halving of the share price, that is the question ?
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