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Altai Resources Inc V.ATI

Alternate Symbol(s):  ARSEF

Altai Resources Inc. is a Canada-based resource company with a producing oil property in Alberta and an exploration gold property in Quebec. The Company has approximately 50% net working interest in an oil producing property in southern Alberta and 50% net working interest in a gold property in the Malartic Township, Quebec, which is at an early stage of development. The Company's properties are located in Canada. The Company has 50% working interest in approximately 240 acres of Alberta Crown leases in the Cessford area of southern Alberta. The 50%-owned Malartic gold property (named Blackcliff gold property by joint-venture partner and operator, Globex Mining Enterprises Inc.) consists of six map designated claims (CDC) totaling approximately 127.6 hectares (315 acres) in the Malartic Township, Val d’Or area, Quebec, approximately five kilometers (km) north-east of the town of Malartic and the Canadian Malartic mine which is Canada's largest gold mine.


TSXV:ATI - Post by User

Bullboard Posts
Post by koldrake1859on Apr 08, 2008 1:26pm
112 Views
Post# 14949497

THIS IS DIRT CHEAP AND NO RISK

THIS IS DIRT CHEAP AND NO RISKUnlike those who were chasing Falcon Oil & Gas FO when its valuation was over 1 Billion only to see it crash, we are looking at the exact inverse where the valuation of ATI at these levels is a gift with the potential to go over 1 Billion due to the geologic conditions, geographic location and quality of the gas found in commercial quantities by Forest. 
Furthermore the downside is well protected by the recently proven Gold property and the Philippines properties which are on China's doorstep.
The management of ATI is far sighted, having identified the potential fo all these properties a long long time ago and must be given credit for this.
It would have been preferable to do the recent private placements at better terms but you don't get Eric Sprott's seal of approval for nothing.
Don't sell this baby now; it's pennies on the downside and dollars on the upside from here.
Bullboard Posts