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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (49983)	11/7/2012 9:38:06 AM
From: E_K_S	Read Replies (1) \| Respond to of 78752

Hi Madharry - Thanks for your over view on Aurcanna. I have only been following their progress through their annual and quarterly reports. For me the value is the potential if/when these mines come into full production. I will have to look deeper into past and future litigation issues. I think we are on the same page w/ having a portion of the portfolio in hard assets (ie. silver and/or gold) and some of these jr. miners for me provide that value. As always, stay diversified and do not have too large a position in any one name as there can be specific stock risk that can sour the investment. EKS

To: Madharry who wrote (49983)	11/7/2012 10:11:56 AM
From: Sultan	Respond to of 78752

You need to revisit your research.. Sprott news is old where the lawsuit was tossed out by the courts because there was no legal basis.. Sprott was just being churlish because they did not get their hands on some cheap silver because the terms sheet signed by the management was not legally binding and had yet to be approved by the BOD, who refused to approve it because the terms were onerous..

To: Madharry who wrote (49983)	11/7/2012 10:33:05 AM
From: E_K_S	Read Replies (1) \| Respond to of 78752

BC Supreme Court Dismisses Sprott Claim goo.gl Aurcana Completes Buy Back of Silver Stream Purchase Agreement From Silver Wheaton Wed, Dec 22, 2010 6:34 PM EST VANCOUVER, BRITISH COLUMBIA--(Marketwire - 12/22/10) - Aurcana Corporation (TSX-V:AUN - News) ("Aurcana" or the "Company") is pleased to report the buy back of the Silver Stream Purchase Agreement ("SPA") entered into with Silver Wheaton Caymans (Ltd.) ("SW Caymans") a wholly owned subsidiary of Silver Wheaton Corp. ("Silver Wheaton") is now complete. Consideration for the termination of the SPA consisted of a $US 25 million payment, and a final silver payment of 206,000 ounces. The security package on the assets of the La Negra Mine which were held by SW Caymans will be released accordingly. Aurcana's buy back of their SLW contract on their La Negra Mine for $25M was a pretty good deal especially when their mineral reserves were increased in Q1 2012. However, the stock is up big in the last year but I still believe the market has not fully valued the future revenue streams that both of their mines will produce. In 36 months the picture will become clearer and that's in line w/ my expected holding period. Lastly, other than Canada, the political risk is low since these properties are located in Mexico next to the Texas border. It's the only pure silver play I currently own. EKS