/biz/ - Business & Finance

>>23838663
WTF are you on?

ceo.com is very positive about AUN

the only people against it now that its funding and production is assured are people with an axe to grind against management for daring to keep the company alive through share dilution while the mines were closed.

This company is not hyped, the fundamental economics of it are displayed and anyone who knows how to do DD knows that a mine that can produce 3-5 million oz of silver at 8$/oz for ten years is worth a lot more then a dollar a share.

in two years I expect it to be 6-8 million oz per year, and this is without new exploration (which is being done) if they reinvest profits to maximize yeilds similar to what majestic has done, they will be ridiculously profitable.

>>23820086
I hope so... thing is I dont think they have even been properly re valued to account for their funding going through and the "not a production announcement, but we are announcing production" update.

Kinda feel like they should already be pushing 1.50-2$ cad with this kind of news, 8$us per oz AISC is a big fucking deal even at 20$/oz silver

Even with the smack down today they are strong due to everyone knowing this.

>>23489752
Aurcana, all in with them till something better comes along.

Set up to be 1/4 of first majestic production within the year, even if prices stayed the same, that would justify a 4-5$ share price (CAD)

>>23445288
that is one factor to look at, but do you know the AISC to extract each of those OZ's?
Are they even producing? If so how many oz per year can they produce at that AISC?
If not, when will they be producing, is it a pipedream or no? will they be diluting their shares or no?


If you are going to invest thousands or tens of thousands of dollars you need to put in the time. I know the PM bull run will increase most miners, but some will still go belly up before or during that, and some will turn your 1k into 10k, some into 100k or more, so it is worth it to research.

Pic related is why aurcana is now my largest position.
$10.71 AISC per AG Eq oz
able to produce 3.1 million AG eq oz per year
32 million oz M+I (so far) so at least 10 years of production, realistically many more
Equipment in place
competent management
permits in place
as of today, last leg of financing in place (ie no dilution)
and they have well organized investors packets + PR which is sadly not as common as one would think