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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

Comment by wildhorse65on Aug 28, 2020 8:26pm
128 Views
Post# 31474211

RE:RE:RE:RE:RE:RE:Gold bs SP

RE:RE:RE:RE:RE:RE:Gold bs SPI don't know how to calculate the NPV, But I used only the 'measured' resource at a conservative grade. I'm pretty sure that I read in the feasability study that the method of extraction would recover in the 90+ percentile. So maybe you could show me how you arrive at a conclusion that 1.15 is "doing pretty good". 2000 TPD at 7.5g/t is 3750 oz per day at $1900 is 7,125,000 divide by 2 is $3.5 million per day. 7.2 million tons measured divided by 2000 =3600 days or roughly 10 years. Again, that doesnt count anything except 7.2 million tonnes at 7.5 g/t. 
Please explain how this share price makes sense? I don't see it. Why is it being held down and who is selling millions of shares unless it's the bought deal shares being dumped back into the market? What's wrong with the numbers? I'm clearly not a mining analyst, I'm asking for clarification.

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