Post by
Robizounskin on Jul 29, 2020 9:22pm
Why buying AMK shares
Answer is easy, gain, why people will pay $0.50, $1.00, $2.00 per share. For that to happen people have to understand the potential gain base on some sort of information available to the public. Then you figure your risk of losing money or making some, we call that speculation.
This bull boards have a lot of undesired noise and not enough information input, so I repost this from my yesterday’s post.
Walter Storm was saying in Tudor last news release the following;
(The northeast-trending axis of the mineralized body of Goldstorm now exceeds a kilometre in length and we have yet to find the limit of the mineralization to the northeast and to depth.)
This give us an extra 25% from the previous 800 meters defined which was giving us roughly 32m oz of gold at 1g./t., so this will raise the potential to 40m oz of gold in ground and that just for Goldstorm location.
On the other hand Eric Sprott was saying in a recent Weekly wrap-up that gold in ground should go from $100CDN/oz to $150CDN/oz shortly with the price of gold heading to $2000USD.
So the slice of AMK (20%) will be 8m oz at $150/oz this give us a market capitalisation of 1,200m. If we divide this by 467m shares outstanding including warrants, this give us a nice potential target price of $2,57/share. Pure math, GLTA…..
Comment by
Whatamidoing1 on Jul 29, 2020 10:06pm
exzactly, we are just pointing out why buy AMK instead of TUD. Because you get the same thing for a cheaper price.
Comment by
Stockmoves1 on Jul 29, 2020 10:10pm
I have one request from my broker.. that they have a freeze your account button.. so i dont sell myself short... I have a disease called trading.. sometimes it bites.. my TFSA keeps me in the play.. my main account is healthy but amazing what buy and hold does.. i have a whack from an ave of 5ish... what a stroke of luck or genious ?? lol...
Comment by
bigkagan on Jul 29, 2020 11:16pm
the TUD cap is $620 mil. and AMK is $120 mil., but the relationship in JV is 3:1 - therefore AMK cap should be some $200 mil. as of today, hmm
Comment by
Stockmoves1 on Jul 29, 2020 11:21pm
yuppers we will collect the 80% upon takeover.. no way around it.. thus the reason i hang out here lol
Comment by
BrankoInvests on Jul 30, 2020 12:47am
AMK does not need to add any money to the mine and control 20% yah this stock rocks
Comment by
Rustyred24 on Jul 30, 2020 12:35am
Well let's take to 2.57 a share ,
Comment by
Whatamidoing1 on Jul 30, 2020 1:49am
keep the drill results coming than resources estimate than buyer 6 or so months away.