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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 05, 2008 1:09am
103 Views
Post# 15629085

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

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

CINDY__You truly are amazing with how you view the world around!!!!!

I think that you would fit in VERY well in Ottawa right now with the rest of the like minded crew!!!!!

LOL

You state__without any source reference__that the Susan Lake gravel pit area is 9400 acres__Do you not realize that every 640 acres STILL is exactly one square mile??????__So you are suggesting that the total area is almost 15 square miles!!!!!!

WOW

And if this actually were even remotely correct__Do you want to hear how much it would cost to reclaim ALL that area?__All paid for from the ABM till down the road.

You also throw out that there are 15 to 20 years of gravel reserves left in the Susan Lake pit!!!!!!!

WHERE ON EARTH DID YOU COME UP WITH THIS?????????????

IF this were actually the case then surely this company make or break information would have been in the recent ABM/AMI Information Circular____FOR SURE!!!!!!!!!!!!!!!

BUT THERE WAS NO MENTION OF 15 TO 20 YEARS NOR EVEN ANY GRAVEL RESERVE DATA IN THE INFORMATION CIRCULAR.

To REPEAT__THIS is what was actually stated in the Information Circular___So CINDY, let us all know WHERE you got your data from???????

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