Ascot Resources Ltd T.AOT

Gold bs SP

[wildhorse65]

I find it amusing that they will not let her off her back. Unless someone knows something about permit delays that I don't, we should be well above  $2.00 just based on news of MORE GOLD! A LOT MORE GOLD. jmho

[wildhorse65]

The heading is supposed to be Gold "VS" SP. lol! Still kinda works though.

[Gold2017]

According to the FS the project is worth between 300 and 600 million, so if we are over 300 million now and production is still a few years away iid say we are doing pretty good. If metal prices are still at current levels when we start producing we should easily be over 2 dollars but no one is going to pay 600 million for ascot right now.

[wildhorse65]

Skeena is $2.59

[wildhorse65]

7.5 g/t x 7.2 m/t "measured" at time of FS.  I believe $1900 gold means over 100% IRR. 3.42 Billion divided by 2= 1.71 Billion. 1,710000000 $250,000,000 start up (to be safe) = 1.460000000 divided by 275840000 outstanding shares. That's 5.29 per share That doesn't count ANY indicated or any of the new drill results.  So, I beg to differ. We should be well above $2.00

[Gold2017]

That is definately not how you calculate the NPV. The mill can only process around 2500 TPD so increasing reserves at the same grade isnt going to add that much value. In order to be a 5 dollar stock they will need to find a lot more gold at a much higher grade and will have to be accessible in the first year or two of mining.

[wildhorse65]

I 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

[Gold2017]

Future profit isnt worth as much as current money. So when calculating the net present value future profit is discounted, the discount is compounded over time, so the further out the profit is the less value it adds. Basically gold that wont be mined for 10 years is worth a lot less than gold that can be mined right away.  It was calculated between 300 and 600 million in the FS.  if we

[EarsOfADonkey]

I feel like they will be in production before September, 2022? Permitting & Fiancing scheduled to be updated completed Q3 2020... those are really large milestones ... if they amend permits for production, while achieving financing to cash up, all the while hitting some updated fantastic drill results... perhaps scheudling close to produciton end of calendar 2021...  That is a lot of

[wildhorse65]

Why then, is Skeens, trading above $2.60? These ae the things that don't make sense to me. Eskay creek is TINY and low grade by comparison. 800,000 tonnes at less than 4 g/t 

[Forbesa13]

Tesla is trading above $2,200 a share...not becuase the valutaion makes sense but because people are and continue to make money holding the stock. I dont think Skeena is much different. People made some money but eventually it'll come back back to reality. I bet it's a great stock to short frankly. It's going to be years before production, how long will the current moment last before

[Gold2017]

I think the market likes exploration a lot more than infill drilling and construction, skeena has or will have 8 drills exploring their land all winter which probably one of the reasons why their market cap is higher than ours right now. They are also planning to do an open pit mine which is different than us so kind of hard to compare.  Iam long on AOT and believe we wiill eventually be

[wildhorse65]

I agree to some point. I don't think there is any valid reason to bash Deryk and team. Their track record here and elsewhere as mine builders and credible minds in the industry speak for themselves. I do think that it would help to get more hype to the retail buyers. However, as Forbes says, that bubble eventually bursts anyway. Clearly, I think we are valued low right now. Not that it will

[wildhorse65]

Agreed! I remember when we were doing those numbers and had squat. The market is an odd assessor of value. I'm not trying to make sense of it, simply looking for a measurement of how well we could do here. Thanks for your assessment.

[calmandquiet]

It seems like you are confusing a few things in your analysis. The recovery rate does not mean that they will recover 90% of the Measured resource. It means that of the ore they mine, 90% of the gold in the ore will actually be extracted for eventual sale. The remaining 10% will end up in the tailings because it is not economically recoverable. The mill rate will be 2500 tons per day, not 2000