Aquila Resources Inc T.AQA

Primary Symbol: AQARF

Metals & Mining Industrial Metals & Minerals

Aquila Resources Inc is in the business of exploring for and developing mineral properties. It operates in two geographical areas, the United States and Canada. It has three assets, the Back Forty Project located in Michigan's Upper Peninsula; Bend Project and Reef Project, are found along the mineral-rich Penokean Volcanic Belt. The area hosts multiple deposit types including VMS, magmatic copper-nickel and stratiform copper.

OTCQB:AQARF - Post by User

Aquila Resources Inc

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Comment by ekimon Jun 05, 2018 6:05pm

56 Views

Post# 28128941

RE:RE:Nice action

No idea really.

I have been in since 50 cents a long, long time ago.

The fact that we are in reach of that target...I would not ahve believed over the last few years that that was possible.

How much is a permit worth? Sabina has got their final permit up in Canada a few months ago and they are trading at roughly CAD$400 million in market cap for a project that is worth aobut CAD$500 million in NPV.

AQA is trading at CAD$110 million with permit in hand on a project that is worth CAD$200 to CAD$300 million in NPV. If they trade at 80% to NPV similar to Sabina....then there is still a lot of room to grow. At least to 50 cents?

AQA has some other projects too..but so does SBB...so that is awash as well.

The other similarity is that AQA's project is called Back Forty...whereas SBB is called Back River. Both are roughly in the same point in development of the project. Permit plus doing some exploration plus trying to get access to financing.

EKIM

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