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Aurcana Corporation Message Board

  • gtcochran May 26, 2012 11:24 PM Flag

    Price of Silver in 2016?

    And will Aurcana be a player?

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    • gtcochran May 26, 2012 11:29 PM Flag

      Yes I know these are stupid questions cause none of us know & I'm just your local dumbass from Mississippi, but I want to hear from some of you who think you know it all:)

      • 1 Reply to gtcochran
      • It is hard to believe they will not be a mid-tier player with the ore they appear to have.

        If you listen to the Q&A on the last presentation posted on YT - you will hear Lenic mention that he believes he can get to 10M oz per year before looking for new opportunities beyond LN and Shafter.

        If silver prices hold in upper 20's or higher - not a problem to be mid-tier player.

        Then there is that YT verbal report from another conference that claimed Lenic joked about finding a silver vein "contaminated" with gold. It is interesting to note - the YT, Lenic said he had "better" news but could not discuss it - but did not mention gold in that presentation. Related? I guess we will have to wait and see what the assay shows.

        He plans another resource update after the one to be released on June 1st and with the 3 block being 2 to 3 times wider (in the TY vid it is 2 to 4 times...he probably got warned off 4 times...)

        BTW Also check out AUN on the stockhouse board for good/interesting insights.

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