Replies to post #23505 on Value Microcaps Junior Miners

[checkmate28]

AUN.v Silver, I wondered why no one here ever mentioned Aurcana. I added some shares before the financing and follow things over there so Ill chime in. They have secured financing that allowed them to buy back the 50% Silver revenue stream from Silver Wheaton. The payback on that is short. With the 100% of the Le Negra cashflow and balance of the financing they will finance Shafter, targeting production 18 months from commencement that recently started. Based on the resource estimates, Shafter and LeNegra will propel Aurcana to be the 2nd largest pure Silver producer in the US and 11th in the world. The cost will be a dilution to the tune of I think 425 million outstanding shares.