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Aurcana Corporation Message Board

  • rholl49oswego rholl49oswego Jul 12, 2013 7:02 AM Flag

    Keep eye on the ball

    Some investors bought about 10% of the stock the last week or two of June in the 1.4...1.5 range.
    They knew production was actually starting and financing in place. Bought at half of book assets.
    Silver bottoming.
    With Sadek driving mine and mill development with engineers... not by seat of the pants like Lenic... real progress coming. The story here has always been leverage to the output growth
    If you had been tripling your holdings below $1.22.... you would have a much more sunny view of the world.

    Sentiment: Strong Buy

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    • Aurcana is about 2/3s of book.

      A year from now with Sadek providing experienced mine management and financing in place Aurcana should be producing about 6 million ozs.

      Two years from now with La Negra expanded to 4-5 thousand tons output and Shafter expanded to 2,500 tons Aurcana should be producing over 10 million ozs of Silver.

      Do your own math for costs and revenues and you should see the leverage.

      It is very hard to get any quantity of shares on the way up...... as you can see.

      Warrants should be exercised providing cash for all of this expansion and land purchases for resource expansion.

      Sentiment: Strong Buy

0.4372-0.0220(-4.79%)Sep 23 3:12 PMEDT