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Strategies & Market Trends : YellowLegalPad

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From: John McCarthy7/1/2006 8:09:49 PM
   of 1182
 
AUN

Here is what Roulston said about AUN potential: "An historic resource of 1.2 million tonnes carries a grade of 1600 grams per tonne silver and 4.6% zinc/copper/lead. At that grade, La Negra (in Mexico) could produce multi-millions of ounces of silver per year as the production level cranks up (...) this mine could generate s substantial profit."

AUN owns 80% of La Negra mine, a former producer with a 800 t/day processing capacity that is scheduled to be back in production in
the last quarter of 2006. Shares outstanding (fully diluted): 43 million.

AUN is compared with Endeavour Silver and Great Panther, two succesful silver producers. Trading around $0.70, AUN is poised to generate great profits without big risks for its shareholders.

Posted By: Royal10
Post Time: 6/28/2006 10:43

stockhouse.ca;

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The following is from the AUN website(Feb 6/06 news release)
"This is a significant acquisition for Aurcana as the 800 tonne per day La Negra mine and mill have been well maintained and the "skarn-hosted" polymetallic deposit has historically reported grades of approximately 160 grams/tonne silver, 2.83% zinc, 0.94% copper and 0.91% lead, contained in approximately 1.2 million tonnes."

ACES.

stockhouse.ca;
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