What about the takeover offer ?
Do you think at some point there will be a takeover bid from Silver Standard ? Afterall AUN trades at only $0.10 holds 3 mines and over 70mil oz ag in resources. AUN looks very attractive right now as a takeover target. On top of that Silver Starndard owes 14% of (Aurcana ? Shafter ? Not sure what they own). If that hapened what would be their offer per share ? Any ideas ? So unles SP moves back up at least into mid 20's Aurcana will be EATEN at some point.
AUN's market cap as of today = $10,858,393