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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 frenchie5on Feb 24, 2010 7:47pm
280 Views
Post# 16817331

GET IN NOW !

GET IN NOW !Hi everyone . I have done my calculation here to estimate the current value of ATI and it's very easy to understand , and this is what i have come up with. QEC has a market cap of approx 1 billion dollars with 1 million acres in the st lawrence lowland . ATI has 300 thousands acres also in the same neighbourhood with the same huge potential as QEC has . Now ATI has 1/3 of the quantity of the land that QEC has . This means that ATI should be worth at least 1/3 of QEC's current value right now . So 1/3 of QEC's market cap  is 300 million dollars . Little ATI with only 50 millions shares x 6 bucks per shares = 300 million dollars !  So we should be trading at 6 bucks right now plain and simple .This is absolutely incredible that you can still buy ATI's shares under a buck and that we're still trading at 40 million dolars market cap ! And remember that 1 well alone can take home 25 million dollars per year ! 80 cents per shares ... This is the steal of the century .Does anyone agree with me here ? Cheers.
Bullboard Posts