RE:Historic drill hole intercepts 2750Just to recap. Aston bay is a small junior mining company. They own an effective 20% interest in their FLAGSHIP asset Storm. Their 80% partner is a company called American Western Metals (AW1). Aw1 is itself very small, they have abuot $6m in the bank and had t4rouble raising money in their alst equity offering (look at the chart for Aw1 for the story).
Storm is a very remote VMS deposit which has been disovered by a Teck. Two other major miners (angto and BHP) have pulled out of their respective earn in agreements over the years; enter Aw1.
Aw1 explored at Storm last year. The sahre price for bother companies is signifigantly LOWER than BEFORE the exploration LAST YEAR. So was last year a good exploration season? Make yuor own depermination.
Storm is a stranded, expensive deposit. Look at all teh pretty pictures yuo want, yuo cant change geography, geology or exploration costs. Remember this before putting your pennies down.
OH - and Aston bay owes their CEO $600k; why? Because ASton Bay cant raise money either and their CEO and his wife have been funding operations. The debt carries a pretty high interest rate, but it also means the CEO (not yuo as a shareholder) has the right to takeover teh comapny and its assets if it goes broke.
ANy questions pleae inbox me. ALways happy to help.