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   Gold/Mining/EnergyDISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL


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To: TheSlowLane who wrote (4665)1/3/2013 11:13:08 AM
From: PaperPerson
   of 4690
 
i boght some axu at 3.90 u.s.
i will probably average up, assuming we are correct that it is tremendously undervalued and starting to respond nice to the price of silver.

axu chart

http://stockcharts.com/h-sc/ui?s=AXU&p=D&b=1&g=4&id=p32629371941

SLV chart.

http://stockcharts.com/h-sc/ui?s=SLV&p=D&b=1&g=4&id=p30072898268

as with any mining company , there is plenty of room for surprises both good and bad.

in the march 2012 pdac conference, alexco was already talking about its new silver discoveries within the yukon district that it owns. this is on top of the several old mines that are part of its future flow of ore.

this company is likely to continue producting silver for decades, and is likely to get acquired long before it runs out of good high grade ore.

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To: PaperPerson who wrote (4666)1/3/2013 11:22:55 AM
From: TheSlowLane
1 Recommendation   of 4690
 
I agree. I was out there this past summer...

Message 28640266

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To: TheSlowLane who wrote (4667)1/8/2013 10:04:39 AM
From: PaperPerson
   of 4690
 
TSL, thanks for sharing that info on alexco. great to have somebody with good instincts like you visiting the site, instead of having to rely just on what is on paper. i just bought a 1000 to start. but it does seem like a great time to accumulate it.

Michael

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To: PaperPerson who wrote (4668)1/8/2013 10:11:26 AM
From: TheSlowLane
   of 4690
 
The market has gotten so whacky I have no idea what will happen over the short term with anything so if I can find companies that I feel are competent and focused and have good assets then I am relatively comfortable holding them and waiting for things to develop. No guarantees though, of course. <g>

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From: PaperPerson1/8/2013 6:50:55 PM
   of 4690
 
chart comparing SAND and GLD

finance.yahoo.com;

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To: TheSlowLane who wrote (4665)1/12/2013 4:02:00 PM
From: DrBill
   of 4690
 
SlowLane, PaperPerson:
Happy New Year.

The #5 company on the list, Aurcana (v.AUN), is showing hyper-growth in 2013-2014. S/B producing close to 10 million silver oz. within 12 months. This coupled with a likely spike in siver prices could very well drive AUN to from 3X to 5X of the current SP. Isn't rapid increase in SP the objective?
Regards,
DrBill

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To: DrBill who wrote (4671)1/12/2013 4:50:57 PM
From: TheSlowLane
   of 4690
 
Hi DrBill,
Thanks for your comments! I am not familiar with Aurcana so maybe the information in the Motley Fool article is dated but that says:

"...now that Shafter has achieved commercial production we will see whether this budding mid-tier producer can come through with theambitious initial production goal of 3.8 million silver ounces in its first full year of operation."

Do they intend to go from 3.8MM to 10MM ounces over the second/third year?

Scratch that...I just found it here:

fool.com

So that article was from February and the CEO said 500,000 ounces per month within 2-3 months. Do you know if they are there yet?

Thanks!

tsl

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From: LLCF1/14/2013 10:17:03 AM
   of 4690
 
The Russians are coming:

bloomberg.com

DAK

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To: TheSlowLane who wrote (4672)1/16/2013 10:28:01 PM
From: DrBill
   of 4690
 
SlowLane,
This might help:

aurcana.com

AUN's most recent presentation should bring you up to date.
regards,
DrBill

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To: TheSlowLane who wrote (4672)1/17/2013 8:26:40 AM
From: DrBill
   of 4690
 
News Release
January 17, 2013
Aurcana Reports Fourth Quarter and 2012 Year to Date Production Results

Vancouver, BC, January 17, 2013- Aurcana Corporation ("Aurcana" or the "Company") (TSXV: AUN, OTCQX: AUNFF) is pleased to report the Q4 2012 and 2012 year to date production results.

Mr. Lenic Rodriguez, Aurcana's President & CEO, states: "We are very pleased to report record year to date silver equivalent production of 2.5 million ounces, up 42% from 2011, at La Negra. The increase in production is expected to continue in 2013 with an expansion in the mill capacity at La Negra and production ramp up at the Shafter mine in Texas. Aurcana is making good progress in its pursuit to become a senior silver producer."

FOURTH QUARTER and YEAR to DATE 2012 PRODUCTION HIGHLIGHTS
  • Total production of silver ounces equivalent for Q4 2012 was 624,810, up 34% from Q4 2011. The 2012 year to date production of silver ounces equivalent was 2,539,008, up 42% from 2011.
  • Total production of silver ounces for Q4 2012 was 336,956, up 27% from Q4 2011. The 2012 year to date production of silver ounces was 1,388,664, up 38% from 2011.
  • Ore milled in Q4 2012 was 187,255 tonnes, up 49% from Q4 2011 and 691,260 tonnes year to date, up 37% from 2011.
  • The 2012 year to date average grade of silver is up 2% to 78 g/t from 2011.
  • The 2012 year to date average grades of zinc, copper and lead is up 6%, 3% and 14% respectively from 2011.
  • Production figures originate from La Negra mine.
La Negra and Shafter Mine Updates
  • In order to allow for an increase in future production, La Negra mine is increasing mill capacity to 3,000 tpd. The mill upgrade is expected to be completed by end of Q1 2013. As a result, a gradual increase in production is expected during 2013.
  • On December 14 2012, the Shafter mine in Texas started commercial production. The mine is now in the ramp up phase.
  • The Shafter Mine currently employs 162 personnel allowing for a continuous operation.
  • As part of the ramp up plan at Shafter, the installation of additional filter presses will be completed in Q2 2013.
  • Initial production results from the Shafter mine are expected to be included in Aurcana's Q1 2013 financial results.

About Aurcana Corporation

Arcana Corporation is an emerging senior silver producer with two operating mines located in Mexico and Texas, United States.

La Negra Mine, Mexico, current installed capacity is 2,500tpd. In order to allow for an increase in future production, La Negra mine is now working to increase mill capacity to 3,000 tpd by the end of Q1, 2013.

La Negra has a NI 43-101 M&I resource of 115.1 million (mm) oz silver, 1,418.7 mm lbs zinc, 539.5 mm lbs lead and 269.5 mm lbs copper and an Inferred Resource of 56.5 mm oz silver, 657.4 mm lbs zinc, 263.0 mm lbs. lead and 132.3 mm lbs copper.

Commissioning and mill testing of the Shafter Mine in Texas commenced on April 1, 2012 and commencement of commercial production was achieved in December 2012. The Shafter Silver Mine, according to the data from the published feasibility study, is expected to produce 3.8 million ounces of silver over 12 months once ramp up to its 1,500tpd capacity is completed.

Shafter has a NI 43-101 M&I Resource of 23.9 mm oz of silver and an Inferred Resource of 22.8 mm oz of silver. (All National Instrument 43-101 technical reserve reports can be found on SEDAR at: www.sedar.com) Aurcana continues to focus on its future growth

Corporate
The Company's shares are also traded in the United States on OTCQX under the symbol "AUNFF". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF
AURCANA CORPORATION


"Lenic Rodriguez", President & CEO

For further information contact:
Lenic Rodriguez, President and CEO
Catalin Chiloflischi, Corporate Communications Director
Phone: (604) 331-9333
Toll Free: (866) 532-9333
Fax: (604) 633-9179
Email: ir@aurcana.com
www.aurcana.com

Gary Lindsey
StrataStar Group
720-273-6224
gary@strata-star.com

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