It makes you believe there is some critical inside info the small retail public is not privy to. Or the big investors know or are betting that the price of silver has been targeted for a drop to single digits. I am afraid we have chosen to go against the U.S. Treasury and the Federal Reserve who apparently will do anything to save the dollar. As the old saying goes, "you can't fight (and win) against City Hall". I think that may be our situation.
Shafter feasibility study done for $15 per oz. silver. La Negra costs are about $7 per oz. Aurcana should be OK
Thanks for info rholl. Do you have any insight on the following questions? Why has concentrate that has been processed to date not been sent to the refinery (actual small amounts of ore started to be processed starting as early as late April and has been increasing gradually over the last 7 months) ? Are they storing all the concentrate on site until the declaration of commercial operation?
RGMC has created a new open surface pit on the property to use as feedstock ore until underground mining is safe to commence. The open pit has a lower grade silver than the mine but it still provides valuable silver (and perhaps trace gold) while awaiting opening the old mine up safely. There is an open question on the stockhouse AUN board to whether the underground mine is now open for producing feedstock ore to the ball mills. That was the nature of my question since you drive buy it on a weekly basis I though you might be able to see where the sources of the ore were coming from.
Anyone have a link to this CFTC order?
Thanks for the information. You (and rholl49) have linked to information containing elements I did not know existed. It's obvious I am not playing with a full deck with my research on this company. There is much repeat and overlap among resources on Aurcana but each can contain a "nugget" or two of new info.
Oh-oo-oh, you think you're special
Oh-oo-oh, you think you're something else
Okay, so you're a rock...et scientist -
Hey Matt, where's your sense of humor? Shania is a great Canadian resource. A wonderful performer even if she doesn't know much about rock or rocket science.
Please keep up the posts. Great addition to the board
Agree with all you say but it is a mystery why Lenic would be so far off on his promises for updates. He was right on with the two months early and under budget forcast at Shafter. (But did he miss on the cyanide equipment?)
We are left guessing on the resources at La Negra with no explanation? It may be overly hopefull that the drilling keeps expanding the estimates so they are looking at a moving target. Needing to lock up a key piece of property at La Negra seems more plausible to me (I tend to be more of a pessimist.)
Ever hear of Glass - Steagal? And who led the charge to repeal it? Clinton, Rubin, and Summers.
<i>The Glass Steagel Act kept banks and securities firms apart. The simple logic was that neither banks nor securities firms have any direct interest in serving or protecting the public. That can only be achieved by regulation from government. Put them together and you have a recipe for disaster. Banks and securities firms have as their primary goal to make money. And if they get an idea to make a ton of it, no matter how stupid it is, (see Mortgage Meltdown), they will do it. Because in the end, the people who make these decisions do so in a bubble of their own — small wonder they create financial bubbles and crises. </i>
I am relatively new to mining stocks. Retired electric utility engineer mainly involved in siting,licensing, building, and operating power plants (nuclear and fossil) in U.S. Power plants generally, at least for the last 40 years, have a much lower environmental impact than mining (imo).
Wow. I am new to the board and new to DFO reviews, but I can't imagine a mining company receiving a worse environmental impact review on the plan's fishery impact. If the company has a better plan to offer they should have offered it in place of this disaster of a plan.
I was looking at the stock for possible purchase but this DFO report sure looks like a deal killer to me. I will allow that Canada may be much less stringent than in the U.S., but it can't be willing to buy off on this plan and I can't help but believe this plan poisoned the well for future revisions. Am I missing something here?
Typical progressive/socialist/communist attack the messenger response. No need for any facts. No need to refute any of the facts presented.
Newbie to board, long time long.
Any insights on why lsi trending up despite their flat 4th qtr prediction plus discouraging news from other semi-manufactures(intel, motorola, north american, ti, KLA-Tencor, tiwain semi, chartered semi, and cylmer)?