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Aurcana Corporation Message Board

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  • mattbigham mattbigham Jul 15, 2012 8:45 AM Flag

    Block 3/Gold exploration in Presidio Co.

    Rholl,

    You are definitely on top of it.

    Tosca expressed an open interest from the outset to partner up with AUN in some fashion to assist in expediting their project.
    Tosca hit seven cents this week-why not just scoop up the property or extend a few million for a percentage?

    I know of an industry insider that will interview Lenic this week and I sent him the following as per your suggestions:

    Hi again xxxxxxxxxxx,

    Could you please ask Lenic Rodriguez if AUN has any interest in picking up the moly/copper project just 7 kms west of Presidio?
    The deposit is owned by Tosca Mining but has drifted to a low of 7 cents with just 40 million shares o/s.
    Tosco has- from their inception- expressed a positive attitude to and possible synergy combo with Aurcana.
    Why not just buy out the majority of shares or make an offer and buy up the deposit and the associated lands that Tosca retain?
    It would be an inexpensive,viable acquisition that will also provide what may prove to be valuable exploration land in and around Presidio/Shafter/Red Hills.
    Many thanks,
    Matt

 
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