Aurcana Corp (NASDAQOTH:AUNFF)

CAPS Rating: 3 out of 5

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Player Avatar AlphaVolume (< 20) Submitted: 10/30/2011 11:47:45 PM : Outperform Start Price: $6.16 AUNFF Score: -148.12

Buying shares of Aurcana Corporation AUNFF @ $0.78 IRL Aurcana is a great turnaround story. After almost going bankrupt and changing management, the company is now profitable and recently paid to get outs of its Silver Wheaton contract, regaining 100% of its rights to its metals. In additional to the Le Negra mines which will produce 2 million ounces of silver in 2011. AUNFF owns 100% of the Shafter mines in Texas, which when finished in mid 2012 will quadruple the company’s total silver production. The Shafter mine is part of CDB built which is the backbone to the Mexican silver belt. Geologists say the similarities between the Shafter mine and other large silver deposits in Mexico are significant and exciting. If management delivers on production estimates for the Shafter mine it will become the 14th largest silver mine in the world.

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Member Avatar SN3165 (< 20) Submitted: 11/1/2011 6:27:43 PM
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Yup, I agree with you, except i'm not sure the 2 mill. figure on La Negra is right.

Member Avatar maxbentley (< 20) Submitted: 11/17/2011 9:02:22 PM
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The last four quarters have produced over one million oz of silver or two million + oz Ag Eq.

There is another production construction taking place now to bring LN up to 2,000 tpd from the present 1,500 tpd.

http://www.aurcana.com/i/pdf/overview.pdf

Member Avatar maxbentley (< 20) Submitted: 11/17/2011 9:06:43 PM
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Sorry ,one million oz Ag and 1.7 million oz Ag Eq over the last four quarters.

http://www.aurcana.com/i/pdf/2011-11_Q3Presentation.pdf

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