Aurcana Silver Corp V.AUN.H

A reply from Gary at Aurcana...

[cartpathcarl]

...I am sure he won't mind me posting here. It is in response to a query about financing. Concurs with basic theme posted here yesterday

We were 2 months delayed in our mill construction costing us $5 million each month that we did not have in our original schedule.  Also, with that two month delay we were expecting revenues of $3 million each month in Sept, Oct, Nov which puts us at $19 m deficit.  
 
We expect to be cash flow positive the first week of December, and the mill is now running and all instrumentation has been added so that we can control in from the control booth, instead of manually.  The mill has operated at 325 tons per day (feasibility states 270 tons per day), so we feel like we are well on our way now.
 
We will ship out concentrate bags this next week, go into commercial production in November and be cash flow positive in December.
 
Hope that helps,
Gary Lindsey
Aurcana

[andre171]

Thanks for your very helpful information. 35 tonnes per day is very good, but is this the level of production observed throughout the month of October, since, the first or was it still a start-up and test phase? Can we expect monthly production for October on the basis of 31 days at over 300 tonnes per day on average?

[Spankie]

Feasibility started 270 tpd, you cannot expect more than that the likely reason for additional throughput is likely due to pre-commercial testing. As well as a stockpile of mill feed there specific for that purpose. should be exciting times ahead here. 

[andre171]

270tpd with a concentration of 37 oz gives + - 10,000 ounces per day of plant operation. It's not bad already!   However : 1) - 270tpd (or even 312), this is the maximum capacity of the factory and I doubt that it is reached every day. 2) - I doubt that the factory is producing every day? For example, for the first month of production, it would seem that we can expect 25 days of

[cartpathcarl]

The max capcity of the plant is 500tpd

[andre171]

500 in 2 years, for the moment it is 312 tpd !

[cartpathcarl]

Andre....stop yelling at me! Let's not confuse Capacity and Ability with Targets/Goals. The Capacity right now is 500tpd.... the demonstrated Abiliity right now is 325tpd ... the Target is 270tpd. for year 2021. If they can do 325tpd consistantly...they will. That exceeds the goal and is a good thing. Now give me my phuqqing head back....

[andre171]

@Cartpathcarl, Ok, if I take the trouble to respond to your posts it's because I find them interesting. In the future, I will abstain! I speak French and it is possible that certain nuances escape me when reading English!

[cartpathcarl]

Monsieur Andre171, Quand tu repondre a mes commentaire a tu fais detresse ou trouble, arretez de repondre. Mais mes commentaire de hier ete suppose d'etre un peu amusant. Tu peut fair tes commentiare en francais si tu veux. Je suis pas completement bilingue mais je suis pas pire. A vous!!

[andre171]

We will eventually understand each other! On finira par se comprendre.