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[basserdan]

10 Best Silver Mining Stocks For 2020

(excerpted)

Aurcana Corp
Stock Name - Aurcana Corp
Symbol (US) - OTCPK:AUNFF
Type - Silver
Category - Development
Share Price (US) - $0.23
FD Shares - 201M
FD Mkt Cap (1/1/2020) - $46M

Aurcana Corp. is developing a silver project (Ouray) in Colorado. Plus, they have another silver mine (Shafter) on care and maintenance in Texas. Ouray looks very promising. It is a past producing mine that is permitted with 30 million oz. and very high grade (700 gpt). They need to raise about $35 million to restart the mine at about 2 million oz. annual production.

The risk is that they can't raise the capex. But they own the Shafter mine, which they could sell or use as collateral for a loan. I think Ouray will get built and soon. Shafter could also be restarted and has 18 million oz. (240 gpt). The capex to resume Shafter is about $20 million to produce about 1 to 1.5 million oz. annually.

I'm not sure why Aurcana is so cheap. Usually, when a stock is cheaper than it should be, there is a reason. But it has been trending in recent months. As a speculation stock, it looks pretty good.

https://seekingalpha.com/article/4315151-10-best-silver-mining-stocks-for-2020