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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 ValuePumpKingon Sep 26, 2017 8:54am
159 Views
Post# 26741355

Altai paid $25 million for quebec property in 2008!

Altai paid $25 million for quebec property in 2008!Now less working capital the market is only assessing a value of $4 million!! Technology for fracking is way more advanced and cost effective! Resources estimate will increase by at least 30% from 2008 based on better technology. The property was written down to $1.00 dollar on the books. Company has stated in MD&A that once regulations are released they will reverse the write down. Book value will jump back to 50/60 cents. Do your own DD here, long term this is best leverage to Quebec Utica Shale!!
Bullboard Posts