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Aurcana Corporation Message Board

  • inflationfear inflationfear May 21, 2012 12:04 PM Flag

    [video] Aurcana Silver 2012 Corporate Presentation - Lenic Rodriguez, President, CEO and Director

    [video] Aurcana Silver 2012 Corporate Presentation - Lenic Rodriguez, President, CEO and Director

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    • Lead up to the being added to the index has been positive.
      Mining and mill capacity is being expanded for 2013 in both locations. Higher grade ores to be mined, open pit operations.
      Resources for Shafter and La Negra will see near term announcements as well as end of the year.
      Keys to share value is efficient mine operation, resource expansions and growth stategies.
      Lenic seems to have his ducks in a row.
      Any short term chinanigans don't effect longer term holders.

    • The key to market valuation of the company is a combination of mine operation and on the resource definition and growth potential. In addition is there a growth strategy. Lenic alluded to working on growth opportunities at the end of the presentation.
      Mine operation at La Negra seems to be efficient and improving. Ore grades are improving in the NE trend. On the NW trend ores are averaging 120 grams and the new Valenciana ore body has ore grades as high as 300-400 grams. Sounds like resource definition in the NW trend will be announced near the end of the year. Of course Lead, zinc, copper double up the revenues for Silver.
      Shafter's operations especially with the open pit sourcing of ore, and some gold byproduct looks to be on target.
      Resources at Shafter are the unknown by investers at this point. Seems like the next year will be key to see where we are going. Does the Shafter deposit extend further East and West? Do further deposits have higher grades of gold, lead, zinc.

    • Everyone should listen to the presentation given on the 17th of May.
      Lots of good info and points to resource increases at La Negra probably in June and again at the end of the year.
      The Block 3 resource is wider longer and 40 meters thicker than originally though.
      Also overlays the land owned and the regional map. Confirms some points we made.
      Overall a very positive presentation.

      • 1 Reply to rholl49oswego
      • Yes indeed that was an awesome presentation. I added significantly after hearing it the first time back in May. Lenic is running this company very well and Shafter is proving better than could have otherwise been expected - with more to come. On time and under budget, the only thing that slowed them down was having to go further around Block 3 than expected.

        It is interesting to listen to how he has to be careful about the LN results going forward. Because the official reports have not been filed he has to let you do the math - which leads to 6M+ oz LN and SH combined within 12 to 18 months of Shafter's open. Huge - almost a quadrupling of output. BUT then if you listen to him discuss future acquisitions, he says something like - could he be happy with 10M oz output without looking for next opportunities out there? There are a lot of struggling juniors out there looking for help...if silver ticks up - they will not get cheaper than right around now.

        PM prices are coiled ready to pop. Too many central banks are buy gold and silver is being pulled along it is wake. We should be back over $29 per oz very soon - if not today. GLTA

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