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Athabasca Minerals Inc ABCAF


Primary Symbol: V.AMI

Athabasca Minerals Inc. is an integrated industrial minerals company focused on the production and delivery of frac sand to Canada and the United States. Its AMI Silica division has resource holdings and business interests in Alberta, North-East BC, and the United States. Its AMI Aggregates division produces and sells aggregates from its corporate pits and manages the Coffey Lake Public Pit on behalf of the Government of Alberta. The Company’s Metis North Sand & Gravel division has a strategic partnership with the McKay Metis Group to deliver aggregates to the energy, infrastructure, and construction sectors in the Wood Buffalo region. Its AMI RockChain division is a midstream, technology-enabled business using its RockChain digital platform, automated supply chain and logistics solutions, and safety programs to deliver products across Canada. Its TerraShift Engineering division conducts resource exploration, regulatory, and mining, and is also the developer of the TerraMaps software.


TSXV:AMI - Post by User

Bullboard Posts
Comment by Red_Deeron Dec 04, 2008 2:20pm
285 Views
Post# 15627890

RE: RE: RE: This is a good direction for ABM

RE: RE: RE: This is a good direction for ABMCINDY__Only 10% of the gravel at Susan Lake has been used you say!!!!!!!

Now what colour have your rose coloured glasses changed to?????????

Several more years left certainly doesn't jive very well with only 10% gone now does it.

Here are the REAL facts right from the ABM/AMI Information Circular________

Currently, there are two major sources of aggregates in the region, the Poplar Creek Gravel Pit and the Susan Lake Gravel Pit, both managed by AMI. With the exception of sand, Poplar Creek is running out of gravel.  AMI estimates that the gravel in this pit will be depleted by the end of 2008.
 

Management of AMI estimates the gravel in the Susan Lake Gravel Pit will last for several more years at current rates of consumption.

Studies by OSDG and the Government of Alberta indicate that currently known sources of sand and gravel are insufficient to meet the long-term growth requirements of the oilsands industry. In addition, oilsands companies have been actively drilling their sites to establish their oilsands reserves. As a result of these drilling activities, they have discovered new sand and gravel deposits.

Although additional deposits have been found recently, management of AMI believes they are small
deposits that are inadequate to assure a long-lived supply for the construction and operation of oilsands mining and in-situ projects.

Bullboard Posts