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Aurcana Corporation Message Board

  • rholl49oswego rholl49oswego Sep 30, 2013 8:03 AM Flag

    The new show me company

    The funding just received puts Aurcana solidly on its path back to successful operation.
    Shafter will be slowly expanding the mining and milling performance to the1,500 level till the middle of the first quarter.
    You have to realize that they are only recovering about 40% of the silver in the milling process.
    The flotation circuit is being designed and will be on line sometime in the second quarter. This should raise the recoveries up to 80% double the current rate of recovery.
    After the floatation circuit is in production output doubles as the circuit starts up. In addition people need to realize that the tailings from this years milling process should start to be reprocessed and the other 40% of silver not recovered will be realized. Assuming that the floatation circuit is built at or close to the 2,500 operation level... Aurcana will start to recover silver at a rate approaching the full operating level when the mining and mill capacity is 2,500 tones per day.

    Todays near "bankrupt" share pricing will start to recover as funds and investors realize the change in condition and direction.

    Sentiment: Strong Buy

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    • I sure hope they do show us something after lenny and cohorts put it two years behind because of lack of management.

    • While I hated to see Sadek leave it is more of a matter of too many chefs in the kitchen than anything else I believe. He came over from Tosca last December when they were running into a road block.
      I am sure he will pop up somewhere shortly heading up another venture.
      We did have the new COO appointed with a lifetime of experiences which should serve Aurcana just as well.
      I would imagine that the time frame for installation of all of the new tanks, filter presses, floatation circuits, etc. will now be moved up from finishing in the second quarter of 2014 to all starting up by the end of the first quarter.
      Cash flows explode with the ramp up finished to 1,500 tons.
      The share price shouldn't stay at these "bankruptcy" prices much longer.
      After the delays in financing caused the share prices to drift down... we should be under accumulation here shortly.

      Sentiment: Strong Buy

0.47+0.01(+1.81%)Aug 23 2:34 PMEDT