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Athabasca Minerals Inc ABCAF


Primary Symbol: V.AMI

Athabasca Minerals Inc. is an integrated industrial minerals company focused on the production and delivery of frac sand to Canada and the United States. Its AMI Silica division has resource holdings and business interests in Alberta, North-East BC, and the United States. Its AMI Aggregates division produces and sells aggregates from its corporate pits and manages the Coffey Lake Public Pit on behalf of the Government of Alberta. The Company’s Metis North Sand & Gravel division has a strategic partnership with the McKay Metis Group to deliver aggregates to the energy, infrastructure, and construction sectors in the Wood Buffalo region. Its AMI RockChain division is a midstream, technology-enabled business using its RockChain digital platform, automated supply chain and logistics solutions, and safety programs to deliver products across Canada. Its TerraShift Engineering division conducts resource exploration, regulatory, and mining, and is also the developer of the TerraMaps software.


TSXV:AMI - Post by User

Comment by eyestrainon Feb 25, 2022 1:06pm
216 Views
Post# 34462135

RE:RE:Price Potential?

RE:RE:Price Potential?Hello bigops,

I could not agree more with the summation you provide.

Would seem we share identical views about AMI and the current crew leading this enterprise.

The challenges faced over the past few years have not been brought on by AMI mis-steps. Price crashing, market tanking, Covid hitting, all outside AMI control. Meanwhile they stayed the course, managed to keep afloat, and continued to be highly productive and progressive during the worst of times.

With external conditions now significantly improved, their hard work is showing positive returns. Current case in point: building business relationships with indigenous partners and generating significant sales (i.e. Kearl/Firebag announcement). I truly believe this is only the first of these types of announcements we can expect. They have been very strategic in their approach.  

This team just seems to accomplish what they publicly set out to do. What better way to instill shareholder confidence?!

IF/ WHEN the individual business initiatives they are actively Working on (not just talking about) are realized (or some Combination thereof !), I then see a significant and rapid escalation in AMI's future fortune. 

The 2021 Q3 video address is informative and revealing. The CEO's recap, particularly  between minutes 35 through 40 paints a clear picture of the progress and potential associated with their strategies.

I am most impressed and excited by what is inferred. The CEO's comment during minute 40:30 through 40:45 appears to reference a vision of AMI, occuring over time, with potential for becoming a billion dollar Canadian materials public company with operations in the USA. Now THAT is a BOLD vision I can get behind! Pie in the sky? Let's review... they hold current claim to signifciant resource properties, some already approved, other massive resource opportunities awaiting governement approvals.An owned and active Wisconsin silica operation poised to provide strong ROI and cashflow. Amazing current and developing IP with RockChain and expanding market penetration. A hulking Granite/Dolomite venture sitting silent in the background.

With these tremendous current and potential assets, combined with a focused team that aims High and has made good on past commitments, I view that  aspiration as enormous and exciting, not outrageous.

Good luck to the AMI team to continue to keep the pedal pressed firmly to the floor and accelerate AMI forward.

Government approvals, cohesive strategic execution, further business partnering on both sides of the border, and the absence of exogenous disruption. The ingredients I can see to move us from here to there. 


JMO
GLTA
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