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Aston Bay Holdings Ltd V.BAY

Alternate Symbol(s):  ATBHF

Aston Bay Holdings Ltd. is a Canada-based mineral exploration company exploring high-grade copper and gold deposits in Virginia, United States, and Nunavut, Canada. The Company is exploring the high-grade Buckingham Gold Vein in central Virginia and is in advanced stages of negotiations on other lands with high-grade copper potential in the area. The Company is focused on its Blue Ridge Project in Virginia. The Nunavut Property is 100% owned by the Company and located 112 kilometers (km) south of the community of Resolute Bay, Nunavut on western Somerset Island. The Storm Copper Project is located on Somerset Island, Nunavut, approximately 20 km from tidewater at the Company. Its Seal Zinc deposit is located at the base of a small peninsula approximately 350 meters from tidewater at its on Somerset Island, Nunavut. Its Mountain Base Metals Project is located on 2,072 acres of private land with direct access to both highway and rail transportation.


TSXV:BAY - Post by User

Comment by schocoron Apr 06, 2023 11:05am
28 Views
Post# 35383019

RE:Historic drill hole intercepts 2750

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. 




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