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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (49686)	11/6/2012 1:03:34 PM
From: E_K_S	Read Replies (1) of 78751

Aurcana Corporation (AUNFF) -OTC Markets - Upped my position by 25% Aurcana: Opportunities for Production Increases at La Negra Based on this article, AUNFF is significantly undervalued. The author reviews the production estimates and provides his projections for their La Negra mine. He arrives at a $1B valuation or about $2.20/share. This analysis does not even consider the new Shafter mine which should have equal or higher production yields in the coming months/quarters. Last $1.05/share w/ about 454M shares outstanding. Once the mine(s) are in full production for 2 or more quarters, the market should have a better idea of the actual (and potential) production. This name could be worth between $4.00-$5.00 a share if silver remains at the current level. Even at the current price, the downside risk is small and the upside is huge. EKS

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