Altai Resources Inc V.ATI

Alternate Symbol(s): ARSEF

Energy Oil & Gas E&P

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

Altai Resources Inc

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Comment by ValuePumpKingon Sep 11, 2017 12:28pm

179 Views

Post# 26680156

RE:At MINIMUM THIS SHOULD BE A BUCK PER SHARE!

I totally agree with Bullsincharge....

The company spent 25 million on acquiring the Quebec gas project back in 2008, and it has been writen down on the books to $1..... But now the situation has changed in Quebec, government wants to develop the oil gas properties.....
That reversal would add 45 cents back to the book value. Plus working capital puts the book value at 55 cents

Hidden Gem here!! Quebec shale Pure Play!

From the companies 2014 year end financials ...

Total cumulative capital and exploration expenditures incurred on the natural gas interests to December 31, 2014 amounted to

$24,603,109 (2013-$24,595,824), with total cumulative

write downs of $24,603,108 (2013)

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