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Re: basserdan post# 28663

Thursday, 08/16/2012 7:19:26 PM

Thursday, August 16, 2012 7:19:26 PM

Post# of 35782
Aurcana AUN.V AUNFF I spoke with IR last week. More important than the earnings, will be the Shafter updates and their exploration progress. They are banging out the new ounces. Problem is though, a large section of those new resource finding were contaminated (with gold that is) The Shafter test dore bars came out golden in color and contained 15% gold making them worth 700% more dollars.
Now if Shafter is announced to be up and running well, with no problems, the Q3 report could be titled Aurcana produces record earnings and ounces up 200%
Large increases in total ounces are on the way and they are shopping for a 3rd high grade mine.
Going forward cash shouldn't be to big a problem. If your not in, it might make for an interesting story next week.
The warrants are still cheap .40 and dont expire until Nov 2012 Strike 1.00
Checkmate28
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