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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 UNBResearcheron May 17, 2024 9:07am
97 Views
Post# 36045084

RE:Nothing to see here....

RE:Nothing to see here....My view is that the AOT stock price at $0.70 is way underpriced, given the miner's fundamentals. I bought back in a few days ago when the stock price was $0.71, just a tiny amount. But today I will buy more, brining my position to about 1% of my portfolio. 

My broker's research department came out with a positive review of the latest announcements yesterday. Reading the May 2024 presentation, the fundamentals are sound. I notice on page 7 that Newmont owns the other two mills in Ascot's area, and has bought up other small mines in the area. From this I gather Newmont will buy up Ascot once production is up and running. I predict that the buyout price will be around $1, the same price as my broker's forecasted price.

This is JMHO. Don't flame me too much since this is my first post ever on Stockhouse. 
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