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Bullboard - Stock Discussion Forum
Arizona Metals Corp
T.AMC
Alternate Symbol(s):
AZMCF
Metals & Mining
Industrial Metals & Minerals
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.
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TSX:AMC - Post Discussion
Arizona Metals Corp
> GDXJ
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•••
Polishprince23
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Post by
Polishprince23
on Dec 11, 2021 2:21pm
GDXJ
AMC added to the GDXJ index after the market closed on Friday. Expect a good week for the SP due to required index buying
(12)
•••
MarlinLong
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Comment by
MarlinLong
on Dec 13, 2021 6:02am
Doing some simple math the GDXJ Net Assets.are US474m and Arizona is being added at a c.0.42% weight which implies a value of US$1,990,800 in the index. If we divide this by US share price of c.$4.00, thats 497,700 shares that need to be bought this week..Thats not insignificant volume given its normal voulme patterns. There will be index arb players trying to game this inclusion so expect unusual
...more
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