Aston Bay Holdings Ltd V.BAY

BAY Looking Great

[astonbay]

@EpsteinResearch BUY:BAY --> American West, 80% owner and operator of Storm Copper says 3 years until production via direct ship ore. At $5/lb. Cu, that could be gross revenue of US$300M per year for 15 years.... 20% of that is US$60M revenue to Aston Bay. Aston has a free shot (free carried) to that US$60M/yr. possibility. Margins would be strong at $5/lb., Aston's share of cap-ex = US$10M or so. What am I missing here?

Absurd I say! 2 months ago $BAY closed at C$0.155 vs. C$0.135 now!?! Yet, the #Copper price +25% since then, and $BAY is down 13%... But what about the capital raise? Well, capital raises come 2-3 times a year no matter what the share price... Under $0.15-16 is a tremendous buying opportunity. I think if Cu maintains around$5.00/lb. +/- 25c, $BAY will be above C$0.20 by the end of June. Once this capital raise closes later this month we could be off to the races.

[Moemoney42]

I'm shocked to see BAY still trading under the PP price.. even more shocking is that someone hasn't taken a run at taking the whole company out.. 20 Million for a 20% free carried copper play that has potential for a billion $ + deposit  is cheap, cheap, cheap..!! 

[schocor]

Cheap? It would cost $30m to take it out at todays price as all those .12 warrants would be in the money. How does this compare to other full financed copper companies that own 20% of a development project - Max, Salazar, etc.  I think Aston looks pretty fairly valued - but I amquite long the stock and am expecting good news this summer to fluff up the value.