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Ascot Resources Ltd T.AOT

Alternate Symbol(s):  AOTVF

Ascot Resources Ltd. is a development and exploration company. The Company operates through two segments: the development of the Project and exploration and evaluation of Mt. Margaret. It is focused on re-starting the past producing Premier gold mine located in British Columbia's Golden Triangle. The Silver Coin, Big Missouri, and Premier deposits, collectively known as the Premier Gold Project (PGP) are located near the processing facility on the Premier Mine site. The PGP covers about 8,133 hectares (ha). Its Red Mountain Project (RMP) is located 23 kilometers (km), southeast in an adjacent valley. RMP consists of about 47 contiguous mineral claims for a total of approximately 17,125 ha. Its Premier and Red Mountain Gold Projects supply gold and silver ores to the process plant. It also has two other properties, including Swamp Point, an aggregate project located in British Columbia and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in United States.


TSX:AOT - Post by User

Bullboard Posts
Comment by RustyDusty85on Mar 02, 2017 7:23pm
219 Views
Post# 25923567

RE:2017 Outlook

RE:2017 OutlookIt's been a bit disappointing to see the SP drifting so low but perhaps gives a great entry point to some. The property that we have is in my opinion second to none and has huge potential. The prospect of us having 20million ounces is not out of the question at all. The budget this year is astronomically high for a junior on the Venture and the company we keep is what I would call the smart money. I would imagine the surface drilling campaign will be underway within a month and the underground drilling program according to earlier news releases could be underway as we speak. The market doesn't respect what we have at the moment but the SP above 2.50 was a bit of a stretch. This seasonal weakness due to no workings is to be expected but nothing I'm worried about. We were diluted substantially recently but what that capital can earn us is exceptional. I see the next major catalyst being actual drill results which isn't coming anytime soon but an update from the company should be around the corner. I've been a shareholder for a fee years now and the future has never looked brighter in my opinion. I think it's a no brainer that we will have an official resource of over 5 million ounces by the end of the season but the upside to that makes me smile. Then there is the whole prospect of the company going after the high grade themselves, money in the bank. I believe the companies original plan was to prove the resource and sell the property but with Sprott and company on board and the talk of mining I think the plan has shifted a bit. We might become a gold miner after all. 

Anyways it it was a bit of a ramble and I'm obviously biased based on my holdings but this one right here will be something to tell the kids about.
Bullboard Posts