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Ascot Resources Ltd T.AOT

Alternate Symbol(s):  AOTVF

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

Bullboard Posts
Comment by wildhorse65on Jan 16, 2020 12:42pm
131 Views
Post# 30560871

RE:Does anyone know if we are still waiting on drill results?

RE:Does anyone know if we are still waiting on drill results?I'm confident that there will be many new discoveries in 2020. The fact that they stumbled onto the HUGE silver discovery is just one highlight of 2019. If that silver trend continues and holds even half the type of grades that they saw in the grab samples, it could be bigger than the entire gold play. But just zoom out a bit and keep in mind what has recently been added to M and I and what has already been discovered sitting in Indicated reserves. Just on the very conservative high grade gold numbers so far, there are  3,000,000 ounces. At 250,000 ounces per year that's a 12 year mine life, just the gold that we know is there. Use $1500/oz price and call it $700/ounce out of the ground. That is $175,000,000/yr x 12 = $2.1 billion. Now throw in 10,000,000 ounces of silver at $10 is another 100.000,000 so $2.2 billion. Now the gravel $25,000,000 now Mt Margaret copper deposit unknown so" lets say" $75,000,000= $2.3 billion. Count for 350,000,000 shares = $6.57/share. My bet is that there is a LOT more gold and silver to be discovered under the AOT holdings. I think my numbers are super conservative. But that's how I play the game. Other people are considerably more technical and savvy. Exciting nonetheless. Good luck to everyone.
Bullboard Posts