It is nice to see Aurcana at the top of the Kitco Silver page.
What a nice day on nice volume.
With a heavy dose of Shafter updates coming it is going to get intersting here. Here is something to think about:
If Shafter gets the new mine/mill kinks out early.....if Lucky Friday remains closed....and if Greens Creek has an off month then Aurcana would be outproducing Hecla for said interval.
fair enough.i am holding too but im being serious and i dont do this typically,i am gonna believe your recent post.I dont hold you accountable im a big boy.im under water on croc so i will hang in there .Thank you for your information and time i really appreciate it and am not prideful enough to say i cant listen to other views when i sense wisdom.i have made some good results on discerning somebodies wisdom regarding an investment,an idea,and a business opportunity.Please keep in touch on croc or this board if you find otherwise...FYI...I am talking to CHANTAL tomorrow will report any info on croc board.
I have not abandoned CROCF.
CROCF AND AUNFF have similarities.
Both are current producers.
Both have new underground mines coming online: Shafter and Cosmo.
Both have projected a near double of current production when new projects ramp up.
Both remain highly prospective with interesting land packages.
As far as CROC....although not fun to endure the Luxor deal
demonstrated that DD was not misplaced. Wing tips do not throw 100 million on a whim. I sold some shares picked up at near tax selling bottom but will maintain remaining position until Cosmo shakes out more.
Lost is the fog of hostile takover were intersting
assay turns. Projected 12 production #'s are a set up to later report far exceeding PR. Anything but will be disappointing here.
Finally, Luxor now has delivered CROCF with an interesting
float situation. to maintain control they have locked up a chunk of the comapny shares. I do not have my blinders on but I am not selling here.
I think am going to sell and buy Kodak.
One thing I would suggest is that when a web site plugs January Shafter Update Photos- there should be multiple photos to view.
It is unfortunate when a liberal corporate culture (Kodak) can run into the ground the promise and the potential that ounce was tangible. There is no sense crying about buggy whips it is somewhat sad Kodak does not much silver anymore. Maybe it was the cheap silver subsidies that allowed them to have the run they did. Rochester still has Wegmans- good thing they take food stamps.
what you both will be blown away by and this i am predicting.....companies that use ag ie apple will enter the market and hoard physical or buy mines whose production will go right to them.Apple sits on almost 100 billion in cash not only would it make financial sense but more importantly to companies that utilize ag ,its critical operationally...a 5 billion pyrchase by them or a solar or medical or water treatment co. (you get the point) and you will see REAL PRICE DISCOVERY.There are many more fundamentals that are in play!!!Dennis dont sweat share structure as were talking once shafter rocking and rolling A Major player in silver industry...PE's ,blah blah in THIS UNIQUE GLOBAL situation means nothing.You are in the right asset and a solid producer!Not like crocodile lol!
My point is it does not matter whether you are drilling 1500 g/t AG or 30 g/t AU. In $ terms it is the same assuming same cost recovery.
The above would not differ from 750 g/t AG along with 15 g/t AG.
Some investors would be attracted by a pure Silver play like First Majestic. I would concede there is an attraction to companies like Scorpio (and La Negra) who score big with copper, lead and zinc along with their silver but that is what makes horse races.
If you are a Silver bull and anticipate a compression of the Gold Silver ratio then it makes sense to be over exposed to the more pure silver play.
At the end of the day it is market price of production minus cost of production.
If diversity is desired you can accomplish these through stock selection within your holdings. By having pure gold plays and more pure silver plays you a chance to press swings in the ratio by re-balancing your portfolio accordingly.
well good that you understand...as i stated before there are two ways to look @ ratio...supply...that means there is about 8 ounces of ag in earths crust to 1 ounce au...i think your looking for monetary component and HISTORICALLY that has been 16 to 1....if you are a student of this stuff...mike maloney or chris duane or eric sprott have given fabulous arguments as to how they believe it will be closer to 10 or 5 to 1!!
it means that it takes 51 or so ounces of ag to buy 1 ounce au...if we swing back to a lower ratio it may take for ie purposes 30 ounces ag to buy 1 ounce au...THAT IS GREAT NEWS BECAUSE AG WILL be MORE VALUEABLE in GOLD TERMS and most likely good for quality silver miners like aurcana...does that make sense?
If you take a 50 plus gold silver ratio and project the ratio to contract in AG's favor. Why want Gold?
Do not think gold/siver think gold/silver equivalents with all recoverable and produced metal facored.
Do not isolate yourself to a metal...think feasability and duration!