As an underfollowed Pink Sheet company Aurcana is not very well covered by the analyst community.
Frequently it takes weeks or months for information and decisions to be made by the investment community.
Lenic has not been the most effective communicator for the company (but a great operator and strategist).
The NW trend is going to update some more impressive resources on top of the NE trend. (remember discussions earlier on the high grade and 500 + meters depth of the Valenciana ore body)
The new block that was purchased south of the mine has some preliminary drill holes by the prior owner with 600 gram hits (potential there).
" Aurcana and analysts noted that the latest update, comprising 13 skarn deposits at La Negra, did not include...... some 15 other deposits in the northwest La Negra trend where silver grades tend to be higher. In a note to clients, Post reckoned a resource for these would be out in the first quarter 2013.
If Aurcana - busy ramping up its Shafter silver mine in Texas - wasn't yet laying down new mining plans at La Negra, the implication of a 27 million tonne resource with 115 million ounces silver was clear. Assuming Aurcana mines all or most of the ounces at the current 2,500 tonnes per day, it could run La Negra for some 30-odd years.
More probable though, as Rodriguez intimated, Aurcana will at some point expand La Negra to take advantage of the added resources. Post, at Roth Capital Partners, expected Aurcana would turn the focus back on La Negra in 2013 with an eye to expansion after it brings the Shafter mine to production."