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Bullboard - Stock Discussion Forum
American Creek Resources Ltd
ACKRF
Primary Symbol:
V.AMK
Metals & Mining
Industrial Metals & Minerals
American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is...
situated approximately 70 km north of Stewart. The Austruck-Bonanza Property is located within the Kamloops Mining Division 53 kilometers north-west of the city of Kamloops in south central British Columbia. The Austruck-Bonanza Property is underlain by Devonian to Triassic Harper Ranch formation comprised of fine grade sedimentary rocks including mudstone and shale and includes basaltic volcanics. The Company holds 100% interest in the Austruck-Bonanza Property and 20% interest in the Treaty Creek project.
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Bullboard (TSXV:AMK)
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(211)
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paydirtontario
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Comment by
paydirtontario
on Oct 19, 2024 3:04pm
RE:RE:RE:RE:Sprott Intent?
So your a beacon of truth then fast trader ? thanks but you seem to be very interested in slamming and bashing AMK for what reason is it ? the bashers are desperate to discourage anyone from holding
...more
(232)
•••
FastTrade
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Comment by
FastTrade
on Oct 19, 2024 2:54pm
RE:RE:RE:Sprott Intent?
Cunningham Mining Ltd's announcement that its exempt offering of its gold token to Eric Sprott whereby there is a garnered investment by Mr. Eric Sprott a greater than 10% shareholder of American
...more
(86)
•••
roberto146
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Comment by
roberto146
on Oct 19, 2024 2:48pm
RE:I have a question:
But how does this work if the shares are securitized as tokens? According to the plan discussed, the tokens are RealWorldAsset tokens, 'backed' by gold-in-the-ground, not the
...more
(91)
•••
cskhurasu
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Comment by
cskhurasu
on Oct 19, 2024 2:05pm
RE:RE:RE:RE:RE:RE:RE:RE:RE:I never doubted the crypto coin ever being created
Other issues. AMK ounces are not allocated but are jointly owned by TUD and TUO and therefore at risk for their performance. What happens if some ounces are produced? Who has a call on them? If AMK,
...more
(91)
•••
cskhurasu
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Comment by
cskhurasu
on Oct 19, 2024 1:56pm
RE:RE:RE:RE:RE:RE:RE:RE:I never doubted the crypto coin ever being created
Maybe it goes like this. Cunningham signs over BC placer claim to GEM. GEM issues tokens backed by placer gold. Tokens sold by Cuningham for cash to buy AMK. The placer claim has no proven
...more
(180)
•••
GuruNN
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Post by
GuruNN
on Oct 19, 2024 1:55pm
I have a question:
The current situation is like this: As long as no production decision has been made (and therefore no mine is built), it is contractually regulated that Tudor Gold bears all costs. From the
...more
(93)
•••
rusty111
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Comment by
rusty111
on Oct 19, 2024 1:54pm
RE:RE:Sprott Intent?
I think if Sprotts all in then that is all the proof I need https://x.com/BiconomyCom/status/1847565209453371613
(232)
•••
FastTrade
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Comment by
FastTrade
on Oct 19, 2024 1:07pm
RE:RE:RE:RE:RE:RE:RE:I never doubted the crypto coin ever being created
Rob... Yes and that's a big if. If Cunningham were to become one of the 3 Amogo's then they would have gold in the ground backing for their token. Without buying out AMK first they have no
...more
(411)
•••
Robizounskin
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Comment by
Robizounskin
on Oct 19, 2024 12:54pm
RE:RE:RE:RE:RE:RE:I never doubted the crypto coin ever being created
This is called speculation, after the transaction is done 20% of Treaty Creek will be part of the Cunningham's portfolio backing up the gold token. To me it's much better than regular
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(232)
•••
FastTrade
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Comment by
FastTrade
on Oct 19, 2024 12:52pm
RE:RE:RE:RE:RE:RE:RE:I never doubted the crypto coin ever being created
Mustang80 - the points you made are the common misconceptions that have been spread about here. -but GEM for one, doesn't loan out the money. Not at the rate of $208 million dollars they don't
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(789)
•••
NineLives
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Comment by
NineLives
on Oct 19, 2024 12:30pm
RE:RE:RE:RE:RE:RE:I never doubted the crypto coin ever being created
Absolutely no idea, don't work for Cunningham but have traded crypto's. As mentioned several posts below it's going to be one very complicated equation. Yes do-able, very much so but they&
...more
(76)
•••
Mustang80
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Comment by
Mustang80
on Oct 19, 2024 12:28pm
RE:RE:RE:RE:RE:RE:I never doubted the crypto coin ever being created
These discussions are getting exhausting. List token, Gem loans money to Cunningham to buy AMK. AMK bought. Cunningham sells tokens backed by gold in ground & repays loan...Sprott apparently got
...more
(232)
•••
FastTrade
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Comment by
FastTrade
on Oct 19, 2024 12:09pm
RE:RE:RE:RE:RE:I never doubted the crypto coin ever being created
Yes i know - AMK gold in the ground at 20% ownership. How is that applicable to the Cunningham token prior to the buyout as backing.
(789)
•••
NineLives
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Comment by
NineLives
on Oct 19, 2024 11:47am
RE:RE:RE:RE:I never doubted the crypto coin ever being created
FastTrade, sorry I don't understand your question ? If you're asking what's backing the token then it's the Gold in the ground which can increase as more is discovered on a particular
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