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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 Jan 02, 2024 3:39pm
75 Views
Post# 35807625

RE:RE:RE:RE:TFSA 2024 Contribution

RE:RE:RE:RE:TFSA 2024 Contribution$5b is resources? Fom the surface? Based on the drill results included in this years planned MRE (no Thunder for example). 

No this $5b is not a realistic number - even if you use $30k a tonne copper. This comment is a sympton of sillyness based on an underlying condition known as "not knowing what talking about". 

How much money do yuo make from resources? None. You make money from profits which are factored for interst and time to something called NPV.  (resources less cost to extract over time). 

This Storm is a neat project that is 5+ years away from any NPV calculations. 

Even is the resource was $5b (again it wont be), the market sees the fact that a surface mine at Storm mine will never be profitable. 

Its all about the deep sediment deposit, its all about drilling the deep this year, and its all about WAITING for an actual valuation projection. Resorurce estimates are not that. 


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