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Aurcana Corporation Message Board

rholl49oswego 11 posts  |  Last Activity: Apr 15, 2014 3:54 PM Member since: Jun 1, 2012
  • rholl49oswego rholl49oswego Apr 15, 2014 3:54 PM Flag

    It should be noted that options were exercised at .90 and .80 cents during March..... the loans to management were extended.
    The Co is really very similar to a Closely-Held Corporation. Management and several investors own close to 40% of the shares. They are methodically developing this asset to its optimal value.
    Patience will be very well rewarded!!
    I anticipate that the company will seek financing from the same private investors that have been funding this entity since it was initiated.... and that bought all of the Prophecy Coal shares last November and the options just exercised.

    Sentiment: Strong Buy

  • The company should have received all of the short term loans management used to purchase part of the June 2013 share sales by the company.
    Amount $892,500.
    I anticipate that the company will seek financing from the same private investors that have been funding this entity since it was initiated.... and that bought all of the Prophecy Coal shares last November.

    After the updated PEA... with significant updates of reserve ozs. ... and mining plan, share prices should move up nicely.

    The Co is really very similar to a Closely-Held Corporation. Management and several investors own close to 40% of the shares. They are methodically developing this asset to its optimal value.

    Patience will be very well rewarded!!

    Sentiment: Strong Buy

  • It appears from the 3-D models... that the PEA from 2012 pit base elevation could deepen from 900m elevation down to 600m to 700m The 3-D models from current drilling are in high grade materials and open at depth and laterally and to the East toward Quill at these elevations. (Remember that the East, Central and West are open at depth also.
    The PEA this spring and the Feasibility study next year should show significant increases in resources and several alternatives in Pit expansion and bulk mining of some deep high grade ores.

    Sept 18th 2013
    "The Far East Zone is significant since it indicates potential for a considerable new zone of higher grade mineralization which may connect the main Wellgreen deposit with zones to the east and north. The new zone appears to open for at least 400 metres to the west and it is fully open further east where only limited drilling has been completed. It also suggests that the North Arm may be part of a much larger ultramafic body than previously recognized giving it greater potential for expansion.

    Further exploratory work is planned in this new area over the coming months to determine the extent of mineralization, its orientation, grades, and potential for bulk mineability in the first 5-10 years of mining. There are a number of broad zones of higher grade material requiring follow up which the Company will assess to determine if they can be scheduled for production, along with other higher grade zones, early in the mine plan."

    Sentiment: Strong Buy

  • Reply to

    stock price values company at about 52 million

    by rholl49oswego Mar 26, 2014 12:45 PM
    rholl49oswego rholl49oswego Mar 27, 2014 2:12 PM Flag

    Further exploratory work is planned in this new area over the coming months to determine the extent of mineralization, its orientation, grades, and potential for bulk mineability in the first 5-10 years of mining. There are a number of broad zones of higher grade material requiring follow up which the Company will assess to determine if they can be scheduled for production, along with other higher grade zones, early in the mine plan.

    2013 Field Program Update

    As indicated in our previous news releases, our 2013 field program has the following key objectives:
    •Definition of higher-grade mineralization for scheduling in the first 5-10 years of operations to improve existing positive project economics;
    •Key step-out drilling to offset higher-grade mineralized zones and bring currently unclassified blocks that are within the previous pit model into the mineral resource;
    •Conversion of a significant portion of the mineral resource from the Inferred to the Measured and Indicated categories to increase overall confidence in the mineral resource model; and
    •Testing of high priority targets adjacent to the main Wellgreen deposit for the existence of new, higher-grade, bulk mineable mineralization.

    Sentiment: Strong Buy

  • Reply to

    stock price values company at about 52 million

    by rholl49oswego Mar 26, 2014 12:45 PM
    rholl49oswego rholl49oswego Mar 27, 2014 1:47 PM Flag

    The following quotes are from the Sept 2013 Far East press release.

    Sentiment: Strong Buy

  • Reply to

    stock price values company at about 52 million

    by rholl49oswego Mar 26, 2014 12:45 PM
    rholl49oswego rholl49oswego Mar 27, 2014 1:45 PM Flag

    F

    The main Wellgreen resource area has been delineated into five zones which show broad disseminated to high sulphide mineralization contained within host ultramafic rocks. These five zones – the Far West, West, Central, East and Far East Zones – cover an area of 2.5 kilometres in length with mineralization starting at surface and extending, at the deepest known point, to at least 700 metres . These zones form a continuous, moderately to steeply south dipping tabular body of disseminated PGM, nickel and copper mineralization that is typically 100-300 metres in width with some zones of over 500 metres of continuous mineralization grading in excess of 2 g/t Pt Eq. The Far East Zone is at the eastern end of the deposit and remains open to the west, north and east towards the Quill target, which has a similar geochemical and geophysical signature to Wellgreen.

    An ongoing, comprehensive review of the Wellgreen project has focused on compiling all historic information on the deposit back to the 1950s. This review has resulted in the development of a new understanding of the controls to the disseminated PGM, nickel and copper mineralization. During the review, the technical team focused on several areas of particularly wide and significantly higher grade mineralization. The Far East Zone at the eastern end of the main Wellgreen deposit is one of these areas and our new interpretation indicates the potential for a large new zone of mineralization which is distinctive from the main tabular Wellgreen deposit.

    Historically, drilling in the main Wellgreen deposit was stopped upon entering the “footwall” sediments, which were assumed to be the northern boundary to mineralization. Results from the review of deeper drilling in the Far East Zone indicate the footwall sediment package does not extend completely to depth, but rather exhibits a wedge-like geometry. This suggests that this zone may extend significantly toward the west as well as toward the east and that there is po

    Sentiment: Strong Buy

  • Reply to

    stock price values company at about 52 million

    by rholl49oswego Mar 26, 2014 12:45 PM
    rholl49oswego rholl49oswego Mar 27, 2014 10:51 AM Flag

    The PEA in 2012 that estimated the resources was the result of drilling which had as its principle focus the contact with the sedimentary wedge.
    The 2012 and 2013 drilling programs stepped out and extended deeper drilling as well as extending under the sedimentary wedge. As you have seen in the numerous press releases high grade zones are present at depth in the East and Far East zones.
    Current 2014 targets to be started this summer, are all at depth and lateral to the sedimentary wedges ... this could lead one to think that more resources are potential even deeper than the 2014 PEA will show. The Feasibility Study next year should include these results in the resource estimates.
    Do your own DD and connect the dots.

    Sentiment: Strong Buy

  • Book value from most recent quarter is 99 cents.

    For a development company that is going to significantly increase the resource soon...... that's a pretty cheap valuation.

    Sentiment: Strong Buy

  • Reply to

    Why is this SLIDING ?

    by cloudhermit Mar 25, 2014 3:47 AM
    rholl49oswego rholl49oswego Mar 25, 2014 7:39 AM Flag

    Check out the Kitco.com interview with the CEO.

    With the upcoming PEA in May/June we should get a resource increase over the 2012 amounts.

    This should increase the share price and put options etc. in the money and raise as much as 30 million. That would fund all of the permitting and reports needed before construction decision in 2015. Also infill drilling to move resources into M/I classification. With higher grades at depth in various locations....there is a lot of resources potentially at depth. (Feeder system?)

    Lots of potential here

    Sentiment: Strong Buy

  • Reply to

    Why is this SLIDING ?

    by cloudhermit Mar 25, 2014 3:47 AM
    rholl49oswego rholl49oswego Mar 25, 2014 6:29 AM Flag

    Possibily Prophesy Coal selling off their remaining 4.3% of shares (3.3 million shares to distribute)

    After this Distr/Accum is finished shares should start to rise ahead of the updates coming in May/June with increase in resource.

    Prophecy Coal Corp. ("Prophecy Coal") recently announced that they have sold a 24% equity interest in Prop hecy Platinum in a private transaction with the proceeds used to fully pay off their loan due to Waterton Global Value LP. Prior to that transaction, Prophecy Coal was the largest single shareholder of Prophecy Platinum as a result of the 2011 spin out from Prophecy Resource Corp. As a result, Prophecy Coal has reported that its ownership has decreased to 4.3% (excluding a lesser number of "held in trust shares" that Prophecy Coal holds in reserve for former option and warrant holders of Prophecy Resource Corp.).

    Prophecy Platinum is pleased to note that this significant block of shares was purchased by three separate and independent, long-term financial investors who have all communicated their support of the Company's projects and management team, and who have each agreed to standard hold periods on the shares they purchased from Prophecy Coal. In addition, we have been informed that Prophecy Coal and its directors also agreed as part of this transaction to not sell any additional Prophecy Platinum shares in the market before January 2014.

    Two of these investors including Mr. Ernesto Echavarria, who more than doubled his existing position in the Company to 17.6%, have been long term supporters and have participated in previous financings including the June 2013 financing at $0.70 per unit. Mr. Echavarria is a well-known resource investor and holds a number of +10% positions in other public companies. The third investor is a new significant investor in Prophecy Platinum and recognizes the favourable supply/demand fundamentals in the platinum group metals ("PGM") and the exciting potential of Prophecy Platinum's project.

    Sentiment: Strong Buy

  • Nice Palladium article in seeking Alpha
    http://seekingalpha.com/article/2076903-platinum-and-palladium-changing-dynamics?source=email_macro_view_gol_pre_met_0_5&ifp=0

    Sentiment: Strong Buy

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