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Arizona Metals Corp T.AMC

Alternate Symbol(s):  AZMCF

Arizona Metals Corp. is a Canada-based mineral exploration company. The Company is focused on the exploration and development of mineral resource properties in Arizona. The Company, through its wholly owned subsidiaries, owns 100% of the Kay Mine Project (the Kay Mine Project), located in Yavapai County, Arizona, United States, and 100% of the Sugarloaf Peak Gold Project (the Sugarloaf Peak Project) located in La Paz County, Arizona, United States. The Kay Mine Property in Yavapai County, which is located on a combination patented and BLM claims totaling 1,665 acres and 193 acres of private land. The Sugarloaf Peak Property, in La Paz County, which is located on 4,400 acres of BLM claims. Sugarloaf is a heap-leach, open-pit target. The Company also owns 100% of an Arizona State Land parcel totaling 40 acres (the Property), located 400 meters northeast of its Kay Mine property. Its wholly owned subsidiary is Croesus Gold USA Corp.


TSX:AMC - Post by User

Comment by Eyetradestockson Feb 09, 2024 9:21am
121 Views
Post# 35872013

RE:RE:Trading at One Tenth of NAV

RE:RE:Trading at One Tenth of NAVHahahaha...oh man that was funny [my price to NAV calculation being flawed].

As if.

In any event, even though the first part of your comment leds me to the inescapable conclusion that you know absolutely zero about valuation...I concur with your assessment of management. They need to promote the royalty play on Sugarloaf and "talk up" the Kay Drilling results.

Actually, speaking of drilling results, it would [also] appear that you know absolutely nothing [zero] about mineral grades. So let me explain them to you: Kay's mineral grades are like 5-10x richer than many of the comps in this space. What that means, and granted this might be enormously difficult for you to grasp so I'll make it really simple for you, is higher grades = better.

There is a BIG difference in mining between a mine that can crank out $$$$ versus a bunch of losers randomly drilling holes in the middle of nowhere...
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