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Ascot Resources Ltd AOTVF


Primary Symbol: T.AOT

Ascot Resources Ltd. is a development and exploration company. The Company operates through two segments: the development of the Project and exploration and evaluation of Mt. Margaret. It is focused on re-starting the past producing Premier gold mine located in British Columbia's Golden Triangle. The Silver Coin, Big Missouri, and Premier deposits, collectively known as the Premier Gold Project (PGP) are located near the processing facility on the Premier Mine site. The PGP covers about 8,133 hectares (ha). Its Red Mountain Project (RMP) is located 23 kilometers (km), southeast in an adjacent valley. RMP consists of about 47 contiguous mineral claims for a total of approximately 17,125 ha. Its Premier and Red Mountain Gold Projects supply gold and silver ores to the process plant. It also has two other properties, including Swamp Point, an aggregate project located in British Columbia and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in United States.


TSX:AOT - Post by User

Comment by Shadow10on Jan 02, 2024 8:29pm
214 Views
Post# 35808000

RE:Price

RE:PriceWell its hard to say, but the price of gold is rising and they don't have much debt. If they start the mill end of March or early April and they have high grades going through the mill they will be bringing in a lot of cash. They have a lot of high grade core,s and we are waiting for the last batches of core drilling to come in. 
They haven't even looked at the rest of their property. Derek White said they have a 20 year mine life and possibility of 30 years.
I think we could hit 6 to 8 dollars when this is ramped up into full production within two plus years.
I might be dreaming, but I think this mine is going to do quite nice.
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