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American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is situated approximately 70 km north of Stewart. The Austruck-Bonanza Property is located within the Kamloops Mining Division 53 kilometers north-west of the city of Kamloops in south central British Columbia. The Austruck-Bonanza Property is underlain by Devonian to Triassic Harper Ranch formation comprised of fine grade sedimentary rocks including mudstone and shale and includes basaltic volcanics. The Company holds 100% interest in the Austruck-Bonanza Property and 20% interest in the Treaty Creek project.


TSXV:AMK - Post by User

Comment by yurygoldonovon Aug 29, 2020 7:38pm
205 Views
Post# 31475941

RE:RE:RE:My Price Target for AMK

RE:RE:RE:My Price Target for AMKI agree with you Curtis if the cut off grade has not changed since 1700$ per ounce.  100$ per ounce in the ground is way to low and 300-400 is becoming more appropriate as we get closer to 2000$ per ounce.  It is also clear in my mind that as we consolidate price of gold above 2000$, the gold reserves might increase as the cut off grade will decrease to adapt to new economics.  Then, price of gold in the ground can come back closer to 100$, but the number of ounce in the ground will have increased by the same factor.
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