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Don's Summary (from last analysis - 06/17/2016)
Aurcana Corp had a market cap of $545 million in 2011 and everything looked great. Then silver prices collapsed from 2011 to 2015. They lost their La Negra mine in 2015 (which was producing 3 million oz per year) to payoff their outstanding debt. Now all they have left is their high cost Shafter mine in Texas, which has only 18 million oz. The good news is that the market cap is down to $22 million, giving them 5 bagger potential. Plus, they are currently debt free. Shafter is very high grade (8 opt) and is on care and maintenance. They can resume production at around 1 million oz per year at a very startup cost.
Profitability (by resource)
Future Valuation (Cash Flow & Totals)
Shafter mine production began in 2013 (8 opt). However, production was halted in December 2013 because of high costs.
Gold Price (last analysis) ($)
Silver Price (last analysis) ($)
Stock Price (last analysis) ($)
1 Yr Stock Price High ($)
Stock Price Change Last 12 Months (%)
Stock Price USA 5-Year High ($) (including date)
$13.50 - 4/13/2007
Stock Price USA 5-Year Low ($) (including date)
.09 Cents - 9/14/2015
They have done a poor job at both Shafter and La Negra. This was an $8 stock in 2011.
Local Issues (wag)
Country of Incorporation
Shafter Mine in Texas is the second largest pure silver mine in the US. High grade silver of 8 opt. Began production in 2013, but had to halt production in December 2013 because of high costs. 18 million oz at 8 opt.
Shareholder Friendly (wag)
No, highly diluted
Shafter is a potential flaghip.
Ore Grade (wag)
Shafter Mine is very high grade (8 to 10 opt).
6/17/2016: Increased rating from 2 to 3 after they share price collapsed.
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