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Aurcana Corporation Message Board

edmundaronson 170 posts  |  Last Activity: Jul 12, 2016 11:03 AM Member since: Jan 4, 2009
  • Reply to

    mines don't last forever

    by edmundaronson Jun 8, 2016 4:49 AM
    edmundaronson edmundaronson Jun 9, 2016 5:22 AM Flag

    not a profitable ounce-i think you were quite wrong there as well as krebs never having a profitable year - i posted you two before the sector took everybody down

  • Reply to

    mines don't last forever

    by edmundaronson Jun 8, 2016 4:49 AM
    edmundaronson edmundaronson Jun 8, 2016 3:34 PM Flag

    i just went to first quarter of 2011 and palmarejo was the largest contributor offree cas flow and revenue--2011 was a big year go pick a quarter- theother day your post krebs never turned a profit-i posted a year where coure earning were well over 1.00 and another year was .45-you don't know what your talkimg about-

  • Reply to

    mines don't last forever

    by edmundaronson Jun 8, 2016 4:49 AM
    edmundaronson edmundaronson Jun 8, 2016 3:14 PM Flag

    followed this for years one of rick rules favorites-haven't looked in awhile but i remeber during an election their start mine became a political football-it was set to build the people wanted but the city folk didn't--i think at one point recently that they won their case but something happened-bear creek has the big boyworld class-there are not many leftlike that-don't know what share price is assume its gone up big time -svbl is a big shallow deposit with a huge zinc kicker later-that about 12 cents northair merged with kootenay right after paas jv'd kootenays deposit-northair brought the la cigarra deposit this was funded by coeur

  • Reply to

    mines don't last forever

    by edmundaronson Jun 8, 2016 4:49 AM
    edmundaronson edmundaronson Jun 8, 2016 10:02 AM Flag

    coeur took advantage of a beaten down sector to buy wharf and paramount and continued drilling around existing infrastructure for grade as well as expanding three mines and re negotiate with franco-
    coeur now has 11% position in kootenay , 10% position svbl , 1% of orex and 5% sleeper as well as 35,000 shares of agnico eagle

  • edmundaronson by edmundaronson Jun 8, 2016 4:49 AM Flag

    as we have seen at palmarejo and the closing of open pit and silver standards piquitas open pit mine in argentina is nearing closure-silver standard has jv'd with golden arrow with a deposit a sort distance away to replenish ore for the piquitas mill while palmarejo has gone underground at guadalupe
    i can remember john smith being brought in to straighten this mine out what seems a short time ago ,
    also silver standard is another example their pitarilla project is stalled due to water issues
    as mines wear down and with lack of exploration and deposits combined with more competition-tahoe,first majestic,silver standard,paas and hecla-then there is fortuna and endeavor and the mexico companies
    paas just jv'd with kootenay for their 100million oz property in mexico near a mine they just closed and will move the mill-
    paas has navidad,silver standard pitrarilla,coeur has preciosa and hl has rock creek /montanore
    preciosa will one day be a core asset and a large producer
    replacing mines and thinking ahead is a very important component of mining buisness-with explorers so beat up and smaller miners having cut exploration a few years down the road might become a free for all

  • Reply to

    miss fit

    by edmundaronson Jun 7, 2016 9:27 AM
    edmundaronson edmundaronson Jun 7, 2016 2:39 PM Flag

    well you are a outstanding example of ignorance and stupidity-compared to your fumbled attempts to malign coeur and in your haste posted total mis information as to recovery rates and as to your comparing hl cash cost to AISC pure rubbish not even realized AISC--whats with the rabbi routine anti semetic-of course the 15million offered by hecla and an outstanding case-you didn't want to hear about untill some upcoming quarter it rears up to bite you-but its not fair
    you didn't know the differnce between troy and rock creek by the way the reclamaion of troy is going to go over the bond and titighter montana laws all add up to short term negitive-

  • edmundaronson by edmundaronson Jun 7, 2016 9:27 AM Flag

    congrats on your cut and paste its an upgrade to your lack of knowledgeof mining sector-i'll never forget your pumping Baker for his large share position and then i broke down his stock bonuses and cash to over 4 million a year and he has been ceo 13 years -his money you mean money and stock shareholders paid him
    while getting no advance of share price since 2009-
    unless you use rob mcewen who takes no salary and used his own money to start mcewen mining
    i agree with ceo's being paid but not without companyre price appreciation
    fit can't read a presentation and doesn't have even a basic idea of mining terms-he should stick to scriptures

  • edmundaronson edmundaronson Jun 6, 2016 1:40 PM Flag

    yamana was down in santa cruz built quite a land position they had an annual report 2007 that said lejano was there most prospective area they had found bonanza grade so when coeur bought yamana it got what was to become marha mill-i found huracon on a map of theirs along with tornado and cicllo east and west and lejano-and in 2011 a statement that coeur had two targets satlite and tornado

  • edmundaronson edmundaronson Jun 6, 2016 10:59 AM Flag

    good job-i burned out by all the reading and back tracking over the weekend--

  • edmundaronson edmundaronson Jun 6, 2016 10:13 AM Flag

    hey mbli-there is a ciclon alsp part of that area--wheeler opened his mouth at european gold summit intimated 100mill deposit--at least i rember we were going wow where did that come from-i rember thomas on thar call t liked his challenging questions and his own conference-very unique style that guy sleepy sharp like a columbo

  • there was a question by john thomaso and drilling and land package and how prospective it looked-wheeler definately called in tornado birak steps in and talks about first stage and just getting results then geo physics mentioned budget .half a mill also calls it tornado-leon hardy piped in on exploration around marthe-THE QUESTION IS WHAT HAPPENED TO TORNADO AND IS IT NOW CALLED LEJANO-remember we thought wheeler had it wrong at a conference presehtation in europe-i think there is a huracon--but birak used tornado

  • edmundaronson edmundaronson Jun 6, 2016 8:20 AM Flag

    sthere was one point coeur had a billion in revenues that will happen again at some point and this time coeur will have large margins driven by what krebbs has done in this silver /gold cycle-KPOUS i think you should review the plans that will bring coeur into profit coming then end of 2016 through 2017 even at 15 silver
    NEVER SAY NEVER and check your facts -silver and gold are wildly volotile-krebs has done a unbelievable jod tightenig up and altering these mines during this cycle-we now have grade ,recoveries,efficiently run mines exploration results at three mines a royalty free acquistion using existing infrasructure and synergies,added wharf-

  • 2011 adjusted earnings 232 million or 2.60 per share
    2012 adjusted earnings 121 mill or 1.36 per share
    adusted earnings adjusts for non cash fair value adjustments and other non cash adjusments as well as deffered taxes
    net earnings 2011 were 93mill or 1.05 per shares
    net income 2012 48million or .54 per share
    coeur had in 2013 400 million in cash and 100 mill revolving credit after it raised 291 mill with notes due in 2021 7.85%
    2010 coeur had adjusted earnings of .39 a share in 4th quarter it was 46mill alone
    so cpous you can see krebs did have earnings and the efficiencies ,recoveries that have been made in this cycle will mean large margins in next -

  • Reply to

    what we got beside don ese from paramount

    by edmundaronson Jun 5, 2016 12:50 PM
    edmundaronson edmundaronson Jun 5, 2016 6:15 PM Flag

    4th quarter 2012 net earnings were .26 per share 4th quarter 2011 net earnings were .43 per share-2011 and 2012 coeur was making money- NEVER SAY NEVER

  • Reply to

    what we got beside don ese from paramount

    by edmundaronson Jun 5, 2016 12:50 PM
    edmundaronson edmundaronson Jun 5, 2016 5:34 PM Flag

    i think you missed the presentationof how much coeur is to make in 2017 at 15.00 silver-franco royalty changes in sept and no minimum- in 2017 of the 660tons of ore from indepencia 440 will be royalty free from insdepencia este- i read 246 pages on the technical pea twice to get a feel for the paramountpotential-i read the tecnical feasibility for preciosa trying to get a feel for potential exploration and a starter heap lech-i read kensington technical report -i think getting AISC realized silver equivilent down to 13.15 ans 13.55 quite an accomplishment-coeur lost .04 last quarter and rochestor was low because of weather and heap leach ,the same for wharf-that will be made up in coming quarters--look i bought at 1.65 and 2.00 leaps at same time-the metals dictate but management added wharf and paramount ,jualin,and east rochestor- WHY DON'T you initiate a deiscussion-i do my homework--

  • Reply to

    what we got beside don ese from paramount

    by edmundaronson Jun 5, 2016 12:50 PM
    edmundaronson edmundaronson Jun 5, 2016 1:16 PM Flag

    in the 2014 updated PEA the san francisco area had been added to heap leach scenario ,so in 2014 paramount drilled a further 10 holes 2529 meters outside the current resource with aim of expanding it to one large open pit-in 2015 paramount reported all had found long mineralized intercepts.paramount belives the san francisco heap leach would be an inexpensive option to increase gold production in a combined san miguel/palmarejo operation

  • went back and looked at 2013 paramount PEA and updated 2014 along with n43-101.back then paramount was marketing itself and threatening to build.They put together a heap leach scenario and mill that would finance the underground..it had a 17year mine life producing 1.7 million gold equivilent ozs that 933,000 gold ozs and 47.1 million silver -start up costs were 69million-thats 55,000oz gold a year 2.8 million silver
    the reason i brought this up is the paramont package even without don ese underground, represents a cheap profitable heap leach scenario at a later date and higher metals-the heap leach open pit would be for san francisco,san antonio,,la veronica,monte cristo and open pit and underground for san miguel and la union.paramount had a lot more to it than just don ese
    the majority of their drilling and n43-101 came from earlier drilling not including don ese but added to 2014 report
    -don ese, now indepencia este is high grade underground royalty free but on the other side of the paramount san miguel project and land package
    the bulkl is lower grade gold/ silver that is heap leachable more like rochestor its not sexy like high grade underground but you just keep moving dirt and making money-

  • with the developement of both quadalupe and jualin and 35 million in drilling at some point coeur is going to fufill that ATM agreement with BMO
    coeur has monitored its cash position and has sold off nsr's but they will not let it get under a certain level without acting-

    l

  • Reply to

    worlds 6th largest primary silver mine

    by edmundaronson Jun 4, 2016 5:37 AM
    edmundaronson edmundaronson Jun 4, 2016 2:43 PM Flag

    prices have come down and the project was optimized to be able to make a return at 20.00 silver-off the top of my head 2yr build they will be doing some further drilling back end of 2016-coeur stated at 1quarter conference call as a future growth property preciosa is a top priority,hopefully we will have more to say by end of year--canasil has an adjacent property that paas had optioned and drilled but when it dropped its jv with orko it was returned to canasil-now orko without preciosa is called orex and they have a jv with canasil sandra escobar project and coeur owns 1% of orex probably to be kept in loop-coeur also bought back in 2015 3% nsr on preciosa for 12 mill-they also were thinking of starting with a heap leach as well as that large open pit--from reading feasibility they seemed to have water rights and some wells-coeur secured some really good prices from catepillar on state of art vechiles for wharf-also as guadalupe starts making money there was a deal with mexican govt that the profits would stay in mexico- therefore preciosa becomes a sponge for mexican profits
    this mines production of 10 mill silver plus gold is significant to get that type of production you would probably have to build and buy two mines at a build cost of 250 mill a piece and preciosa build is at 300 mill to build-

  • edmundaronson by edmundaronson Jun 4, 2016 8:56 AM Flag

    the recent 100million term loan due in 2020 at a 9.5% this will be amortized at1% a year with no financial maintenance covenants BUT BUT there is an annual prepayment requirement of 50%of excess cash--

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