"Ascot is the real deal..."...or words to that effect were said by Rob McEwen in an article I read a couple of months ago, but I can't find it now to give everyone the link. But I know I read it as it was the reason why I participated in AOT's recent $1.00 PP.
But while looking for McEwen's quote I did find this interview of Etienne Moshevich in a 2014 article from The Mining Report that I hadn't read before (link: https://www.streetwisereports.com/pub/na/three-key-metrics-to-identify-a-superstar-investment ). Relevant text below.
TMR: Do you follow any precious metals stories?
EM: Definitely. Ascot Resources Ltd. (AOT:TSX.V) just released an NI 43-101 resource of 2.85 Moz at just over 1 gram per ton (1 g/t) Indicated on its Premier/Dilworth project near Stewart, British Columbia, not far from Pretium Resources Inc.'s (PVG:TSX; PVG:NYSE) project.
Ascot's management team is second to none. John Toffan is the CEO. He ran Westfield Securities. He took Delaware Resources from $0.30 to $26/share, by discovering gold in the Steward area. Then he started Stikine Resources Ltd., the Eskay Creek discovery that went from $0.10 to $75/share. Even better, John has brought Bob Evans, Stikine's CFO and many of Stikine's biggest backers to Ascot.
Ascot is close to a $95M market cap. In addition to its Premier project, Ascot has a gravel pit filled with 66 Mmt of gravel. That's important because liquid natural gas (LNG) plants use a lot of gravel. Ascot's Swamp Point gravel deposit could be one of the cheapest deposits around. Several LNG plants in the area are exploring a deal with Ascot. At $4.50/t, 66 Mmt is worth $300M. That's a significant cash injection.
JL