Through the first three qtrs this last year Aurcana had 14+ operating cash flows (includes a qtr with silver in range between 26-28) For the year $20 million looks about right. That is with 2.5 million silver equivalent in sales.
During 2014 Aurcana should have reached 10 million in equivalent ozs level in production with about 4 times the cash flow... maybe more as a conservative estimate.
That is well over $1.00 per reverse split share. What multiple do you want to put on that??? 10 times ... 20 times...
First....... Aurcana is not a shell corp executing a reverse split to get a manipulated boiler room pop on the stock to reward some stock manipulators. It appears that most of the stupid sellers these last few weeks don't have a clue what is happening.
Second....... Aurcana is not a silver price speculation on the pink sheets. Aurcna has two operating mines. completly cash flow positive and with a cash flow that is poised to explode that 20 million cash flow from 2012
Third....... Aurcana has an exploding resource base which will be further expanded in the next few years.... much more to come.
With a growing cash flow Aurcana is in the drivers seat for funding further expansion of resources and production expansion.
You have a gift here that you could never believe......
rholl, chris doulos of stonecap was on bnn last night, said that la negra he values at 75 cents, and shafter is for freee, total value of 1.35.............but he did say that recently he had taken down his projections for shafter to only 1 million ounces of production for this year........but still said his value has to do with the assets the company now owns. blah blah......i figure he has inside info or is trying to be ultra conservative because of the sector and stock takedown............who knows, but I really think he is a fine analyist.