Junior Silver Producer

Aurcana owns and operates two high quality producing silver mines located in favourable mining jurisdictions: La Negra mine located in Queretaro State, Mexico and the Shafter silver project located in Presidio County, southwest Texas.

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Message: AUN Predicted to Double market Cap in 2010 - Peter Zihlmann Analyst
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AUN Predicted to Double market Cap in 2010 - Peter Zihlmann Analyst

posted on Jan 07, 2010 07:47PM

Quote from Recommendation:

Fundamental Considerations

AURCANA PRESENTLY HAS A MARKET CAPITALIZATION OF CAD 40 MILLION. IN 2010, AURCANA PROEJCTS TO PRODUCE ABOUT 2.6 MILLION OUNCES OF SILVER EQUIVALENT.

IF THEY CAN ACHIEVE THIS GOAL, A MARKET CAPITALIZATION OF AT LEAST DOUBLE THE PRESENT ONE WOULD BE JUSTIFIED, ESPECIALLY IF SUPPORTED BY HIGHER AVERAGE METAL PRICES THAN IN 2009.

BUT BY 2012, WHEN THE SHAFTER MINE IN TEXAS IS SCHEDULED TO PRODUCE 5 MILLION OUNCES OF SILVER ANNUALLY, A MARKET CAPITALIZATION OF USD 300 MILLION SHOULD BE REALISTIC.

http://www.safehaven.com/article-15412.htm

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