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1911 Gold Corp V.AUMB

Alternate Symbol(s):  AUMBF

1911 Gold Corporation is a Canada-based junior exploration company. The Company holds a prospective, consolidated land package totaling approximately 63,000 hectares (ha) within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba. The Company also owns the Apex property near Snow Lake, Manitoba, and the Denton-Keefer property near Timmins, Ontario. Its Rice Lake exploration properties, totaling over 62,986 ha, covers the most prospective portions of the Rice Lake greenstone belt, part of the same regional greenstone belts that includes the high-grade Red Lake gold district, located approximately 100 km to the east in Ontario. The Denton-Keefer property (2,106 ha in area) covers a 6.5-kilometer (km) long section of the Abitibi greenstone belt, including a portion of the Porcupine-Destor Fault. The Apex exploration property consists of five mining claims, totaling 752 hectares.


TSXV:AUMB - Post by User

Bullboard Posts
Comment by largeinveston Jul 30, 2018 10:30pm
209 Views
Post# 28388997

RE:RE:Questions...

RE:RE:Questions...Value assigned to all the properties as indicated in the cicular was approx $68 million cnd, which is why they did the PP at $2.61 fair market value.  That being said this stock closed below cash value today..  Cash value being .35c and your getting all the properties for free.  Its down as the arb shareholders are selling in 500 share lots (see their algo's on UBS and Morgan Stanely).  They don't invest in junior miners they are arb traders from the KDX spinout dumping.  Once they are done dumping we will be cleaned up and go right back up.  

How do they know its worth $2.61?  Surveyed the market to find out what they would fetch in a buyout.  Got those values.  
Bullboard Posts