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Aurcana Corporation Message Board

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  • rholl49oswego rholl49oswego Oct 5, 2012 6:33 AM Flag

    trying to understand aurcana, and have one question: is there any possibility

    Cash flow from operations was 5.6 million in the 2nd qrt. Silver probably averaged a $2 increase from the 28 average price(2nd qrt) in the third quarter. This quarter...33 to 35 may be a conservative estimate for average prices. Just on La Negra's 600,000 production of silver equivalent... a $5 increase is a $3 million increasein cash flow.
    Once Shafter starts commercial production (3.8 million ozs annually...1 million quarterly) cash flow from operations should move from the 8 Million level quarterly to over 25 million per quarter.
    Exploration/mill expansion and acquisition strategy will bloom during 2013.

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