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.

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Aurcana Silver Corp > Is there any hope left ?

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Post by andre171on Jul 03, 2022 1:14pm

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Post# 34798093

Is there any hope left ?

Is there any hope left? A mine in production which was to generate 50M. of cash flow in its first year of production seems to me to be worth a lot more than its debt to Mercuria. I doubt that such a mine with its exceptional contents does not interest anyone! For us poor shareholders, would a takeover of Aurcana or a participation in its capital be preferable to a sale of the mine, is an operation of Virginius by Aurcana still possible or conceivable?

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