Company Updates From Management – Tue 2 Mar, 2021

Aurcana Silver – Company overview focused on the move to silver production by the Summer

Kevin Drover, President and CEO of Aurcana Silver (TSX.V:AUN – OTCQX:AUNFF) joins me to provide a comprehensive overview of the Company’s strategy to be producing silver at its Revenue-Virginius Property by summer of this year.

We discuss the production metrics at the Project including estimated cash flow in the first 2 years. I have Kevin outline the balance between production and all the exploration available at the Revenue-Virginius Project. We also get an update on the Shafter Project and the options that Company is weighing in terms of moving the project out of care and maintenance.

If you have any follow up questions or aspects of the Company you want more information on please email me at Fleck@kereport.com.

Click here to visit the Aurcana website and read over the Company’s Corporate Presentation.


Comments:
  1. On March 2, 2021 at 9:38 am,
    cfs says:

    I still am a shareholder in this company, but they dilute far too much.
    I am and will be a seller of my shares, once they get into production.
    Sorry, Cory.

    • On March 2, 2021 at 9:56 am,
      Excelsior says:

      It depends on what the dilution is being used for (in Aurcana’s case it was finishing their economic studies, and then raising the funds to move their mine into production). That was value creation.

      Kevin mentioned having enough funds raised at this point to get organic growth and revenues coming in from production to fund future exploration growth, so worrying about dilution on a forward-basis is not a concern.

      • On March 2, 2021 at 11:08 am,
        cfs says:

        It also depends on whether you give a full warrant, a half warrant or no warrants; on what your share price is when you increase funding. Whether you get by on minimum funding or have tens of millions extra (just in case). On what you pay the board, while you are earning nothing, etc. I understand the mining share price curve. Less dilution by hundreds of millions of shares could have resulted.

        • On March 2, 2021 at 11:58 am,
          Excelsior says:

          I agree that many most mining companies give out warrants like candy, and most are serial diluters. However, there is a big difference in greenfields explorers diluting the crap out of shareholders for a lifestyle company, that has 99% odds of never having an economic deposit that gets mined, and a solid high-grade developer raising capital to move into production with incredible economics. The latter is worth the candle, the former rarely is.

          In this case Aurcana, is set up nicely to cash in on the higher Silver prices in the years to come, and their taking the extra money, while the financing window was open, to mitigate any potential hiccups getting into production, to handle any potential Covid issues that crop up, to increase exploration around the mine, and to potentially acquire nearby properties that could further feed the mill was very prudent on their part. It is far worse for a company moving towards production to do a minimum funding, and then run out of money and need to do a further raise under duress.

          • On March 2, 2021 at 1:30 pm,
            cfs says:

            Take a look at Great Bear handling of dilution….For good behavior

          • On March 2, 2021 at 1:39 pm,
            Excelsior says:

            Yes, I agree that GBR Great Bear has done an excellent job of raising capital as their share price has risen on the backs of amazing drilling results, followed by more and more amazing drill results. They are definitely one of the rare exceptions in the gold exploration space, but also at a different stage of company than a developer going into production, so a bit apples and oranges.

      • On March 2, 2021 at 1:41 pm,
        Excelsior says:

        High-Grade Silver Production in 2021:
        (AUN) (AUNFF) Aurcana Silver Update with CEO Kevin Drover & COO Brian Briggs

        MiningStockEducation – Jan 6, 2021 #VIDEO

        “Aurcana Silver Corp. has 100% ownership of the world’s highest-grade silver mine (P&P): the Revenue-Virginius mine in Ouray, Colorado, USA. This fully-permitted mine will also be one of the lowest-cost silver producers in the world at only US$8/oz Ag (AISC) after byproduct credits. In this interview CEO Kevin Drover and COO Brian Briggs discuss the company’s progress and provide an update on initial silver production which will occur this year.”

        https://youtu.be/i5s8x_kdmz4

    • On March 3, 2021 at 7:06 am,
      Dan, calgary says:

      I still have a bad taste in my mouth from when this company was run by a crook.

  2. On March 2, 2021 at 9:52 am,
    Excelsior says:

    I’m a shareholder of this company, and just added more on Jan 8th and Feb 4th, and am happy to see them moving the highest grade undeveloped Silver mine on the planet into production, and believe once in production that they’ll get a premium because they are a US based Silver producer between R.V. coming online in Colorado, and their ability to but Shafter in Texas back into production down the road.

    The exploration potential around Revenue Virginius sounds very prospective if they still have so many nearby veins, and are looking to acquire even more land nearby.

    • On March 2, 2021 at 10:13 am,
      Dick Tracy says:

      Ex, I believe that you have been stretching your cerebral membrane all your life, one of these days you will fall over and a piece of paper will fly out of your mouth and it will say, “This is your brain, I give up”! LOL! DT

    • On March 2, 2021 at 1:18 pm,
      RICHARD/DOC says:

      Well, Ex; dipped a toe today in SAND again. Also added some IAG and OSK.

      • On March 2, 2021 at 1:31 pm,
        Excelsior says:

        Nicely done Doc. I’m all stocked up on SAND, and have considered OSK, but have opted for acquiring their neighbors instead.

        Personally, I did most of my buying Tues – Friday of last week, and so the only action taken today in my portfolio was trimming back just a little UUUU near the end of the session.

        Overall it was nice green day in most of the resource sector stocks.

        • On March 2, 2021 at 1:58 pm,
          RICHARD/DOC says:

          I’m far from done—-we’re set up now for a March bump but then should spend the rest of the spring consolidating at these levels for a more prodigious move in the second half of the year.

          • On March 2, 2021 at 2:31 pm,
            Excelsior says:

            Yeah, if that lower for longer scenario into the spring plays out, then I’m also happy to add more to positions at that point.

            As for today’s action, most of the PM stocks had popped up higher than where they were trading the end of last week, so just letting them run a bit.

          • On March 2, 2021 at 2:40 pm,
            Excelsior says:

            The action in the Uranium miners today was palpable.

            Symbol – Uranium Stocks – Daily Change %

            UUUU Energy Fuels Inc. +19.27%
            FMC.V Forum Energy Metals Corp. +15.94%
            DNN Denison Mines Corp. +14.95%
            EU.V enCore Energy Corp. +14.56%
            UEC Uranium Energy Corp. +12.26%
            EPM.AX Eclipse Metals Limited +11.76%
            LAM.TO Laramide Resources Ltd. +11.69%
            FCU.TO Fission Uranium Corp. +11.11%
            FSY.TO Forsys Metals Corp. +10.87%
            AEC.V Anfield Energy Inc. +9.52%
            CVV.V CanAlaska Uranium Ltd. +9.43%
            NXE.TO NexGen Energy Ltd. +8.43%
            FUU.V Fission 3.0 Corp. +8.33%
            URG Ur-Energy Inc. +8.11%
            STND.V Standard Uranium Ltd. +7.89%
            CCJ Cameco Corporation +7.87%
            UEX.TO UEX Corporation +7.46%
            BSK.V Blue Sky Uranium Corp. +6.12%
            TOE.AX Toro Energy Limited +5.88%
            ISO.V IsoEnergy Ltd. +5.41%
            MGA.TO Mega Uranium Ltd. +5.26%
            PTU.V Purepoint Uranium Group Inc. +5.26%
            URA Global X Uranium ETF +5.23%
            GXU.V GoviEx Uranium Inc. +5.08%
            URNM North Shore Global Uranium Mining ETF +5.04%
            WUC.CN Western Uranium & Vanadium Corp. +4.90%
            MKA.V Mkango Resources Ltd. +4.65%
            GLO.TO Global Atomic Corporation +4.65%
            AZZ.TO Azarga Uranium Corp. +4.35%
            ERA.AX Energy Resources of Australia Ltd +2.56%
            DYL.AX Deep Yellow Limited +2.44%
            U.TO Uranium Participation Corporation +1.80%
            FIND.V Baselode Energy Corp. +1.61%
            LEU Centrus Energy Corp. +1.53%
            WWR Westwater Resources, Inc. +1.53%
            GCL.L Geiger Counter Limited +1.50%
            API.CN Appia Energy Corp. +1.45%
            NLR VanEck Vectors Uranium+Nuclear Energy ETF +0.54%

          • On March 2, 2021 at 3:06 pm,
            Excelsior says:

            Nuclear Energy Investment Summit – Uranium Stocks and Uranium Investing in 2021

            Cambridge House International – Feb 28, 2021

            We are going to be diving deep into the uranium sector.

            “It looks like we are at the budding stages of the next uranium bull market.”

            “If we are, we as investors have to do 2 things:”

            1. Identify the best entrepreneurs in the space
            2. Stress test our investment thesis against macro trends.

            “If you are curious about the future of nuclear energy and the subsequent supply and demand economics that will create or destroy a uranium bull market – tune in.”

            https://youtu.be/Eaha7S6xr_M

  3. On March 2, 2021 at 11:28 am,
    David says:

    NOVO having a good day. Silver Viper 2 day positive.

    • On March 2, 2021 at 1:34 pm,
      Excelsior says:

      Yeah, I saw that Novo pop today. Encouraging price action.

      Nicely done David on the getting in Silver Viper before the recent run higher, and before that news yesterday on that 10 Kilo g/t Silver drill hit (albeit over a very narrow width).

      • On March 2, 2021 at 2:40 pm,
        David says:

        I was already in silver Viper. I just couldn’t remember why I had it as it started moving before the drill results were announced. I guess somebody knew what was coming. Possibly they can follow up on that area and find some more bonanza stuff. I will hold for awhile.

        • On March 2, 2021 at 3:43 pm,
          Excelsior says:

          You gotta be in it to win it. Great job getting positioned, even if you don’t remember precisely why. It looks like it’s paying off.

  4. On March 2, 2021 at 11:42 am,
    cfs says:

    First Majestic seeks arbitration against Mexican gov’t
    2021-03-02 14:05 ET – News Release
    Mr. Keith Neumeyer reports
    FIRST MAJESTIC INITIATES INTERNATIONAL ARBITRATION REQUEST UNDER NAFTA AGAINST THE GOVERNMENT OF MEXICO
    First Majestic Silver Corp. has submitted a request for arbitration to the International Centre for Settlement of Investment Disputes (ICSID) on its own behalf and on behalf of Primero Empresa Minera SA de CV (PEM), its subsidiary in Mexico, based on Chapter 11 of the North American Free Trade Agreement (NAFTA).
    Despite repeated attempts by the company to encourage the government of Mexico to engage in good-faith negotiations to resolve the dispute, the government has refused to engage. The company believes that the government’s actions are contrary to the terms of the advance pricing agreement, which established the methodology for determining PEM’s revenues and taxes for the 2010 to 2014 fiscal years and which, according to the company’s Mexican counsel, remains valid in accordance with the Mexican Federal Tax Code unless and until it is nullified by a final instance court. In addition, the government of Mexico has refused to participate in the mutual agreement procedures under three international double-taxation treaties signed by Mexico.

    • On March 3, 2021 at 5:25 am,
      OOTB Jerry says:

      Oh No……….that does not look good…….jmo
      War against the Mexican Govt…….

  5. On March 2, 2021 at 1:40 pm,
    b says:

    Cathie Wood
    CEO of ARK Investment Management LLC

    “bitcoin could replace bonds”

    @Tsunami of inflation is coming & silver will definitely catch investor attention – Keiser Report

    Keiser Report | QE Cantillon Confirmed | E1665
    https://youtu.be/zjR38c1UABI

    • On March 3, 2021 at 2:11 am,
      Excelsior says:

      More Institutional Investors Jumping Into Bitcoin Leaves Less to Go Around, Data Shows

      CoinDesk – Muyao Shen – Mar 2, 2021

      “Bitcoin’s “liquid supply change” – the amount by which the number of coins in circulation has changed over the prior 30 days – has been negative for most of the past year, according to Glassnode:”

      “As of Monday, there were only about 4 million BTC in constant circulation and available for buying, trading and selling, according to Glassnode. The 30-day net change of BTC supply held by liquid and highly liquid entities has been in the negative territory since last April, except for a short stint between July and August and again briefly in December.”

      “This has never happened before for such an extended period of time, and could lead to a massive supply squeeze soon,” Glassnode wrote on Feb. 26 in its weekly newsletter.

      Alessandro Andreotti, an over-the-counter bitcoin broker, told CoinDesk that “institutions are buying up more bitcoin per month than the ones that are being mined, and there just isn’t enough for everybody.”

      “This is the biggest factor that has been driving bitcoin’s price up lately,” he added.

      https://www.coindesk.com/more-institutional-investors-jumping-into-bitcoin-leaves-less-to-go-around-data-show