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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 molly4on Nov 15, 2021 10:23am
203 Views
Post# 34126922

RE:RE:RE:RE:A mine next door with similar yields goes for 18 a share

RE:RE:RE:RE:A mine next door with similar yields goes for 18 a shareBased on FS numbers only, If ascot produces half of Pretiums production for half the AISC their bottom line for profitablilty will be comparable.  I think FORBES analysis of $2bilion is not outlandish.  The question is will we get to production.  I think so as take outs during construction phases are not common.  Time will tell.  Its all about the bottom line.  Difficulties in Permitting and inflation are going to make it more difficult for future comapnies building mines.  We have a conditional permit and some cost certainty.  We are the closest mine to production in an extremely popular area of the mining world.  The day of reckoning is getting very close  
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