Aurcana Corporation - AUN.V Message Board

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Gold/Mining/Energy : Aurcana Corporation - AUN.V

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Apr 19 5:00 PM EST

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To: Sultan who wrote (86)	12/10/2012 11:17:04 AM
From: basserdan	Read Replies (1) of 300

Aurcana Corporation - Ready for the next tier Click for report Having invested as much as US$73m in its assets in the last few years, Aurcana is now well positioned to grow production, benefiting from the high commodity pricing. We expect Aurcana’s silver output to reach c 10Moz in 2014, which should be reflected in the company’s strong earnings growth, with an estimated 2011-14 EBITDA CAGR of 86%. Trading at 5.1x 2013 EV/EBITDA, the stock is cheap relative to its peers, as we believe the market is missing the company’s robust growth proposition. Our blended valuation of US$1.36/share implies a 35% upside. TSX-listed Aurcana Corp owns 99.9% of the La Negra silver-copper-lead-zinc mine as well as 100% of the Shafter silver mine in Presidio County, Texas. The company aims to become a senior silver producer with production of 10Moz by 2014. Click on link to download the report. stockopedia.co.uk

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