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American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is situated approximately 70 km north of Stewart. The Austruck-Bonanza Property is located within the Kamloops Mining Division 53 kilometers north-west of the city of Kamloops in south central British Columbia. The Austruck-Bonanza Property is underlain by Devonian to Triassic Harper Ranch formation comprised of fine grade sedimentary rocks including mudstone and shale and includes basaltic volcanics. The Company holds 100% interest in the Austruck-Bonanza Property and 20% interest in the Treaty Creek project.


TSXV:AMK - Post by User

Comment by rockport1on Sep 09, 2020 2:37am
786 Views
Post# 31525210

RE:Ok SM...or anyone else

RE:Ok SM...or anyone else

fordster, I think it depends on your time horizon.  If you are short term/trading, I believe AMK has a lot of movement potential as it theoretically should play catchup, and come closer to it's 20% ownership valuation.

If you are looking at six months or longer, perhaps TUO is better with it's NSR, tons of cash, and lots of other property optioned out. They are very unlikely to dilute further.  IF Treaty Creek comes in with an initial NI-43101 resource over ten million (IF) ounces, I expect the Golden Triangle will become even hotter than it is now. This should bring substantial value to all the TUO properties, if they can find a way to monetize them.

Your other major consideration is taxation. If in Canada you can offset your capital losses against capital gains, so selling TUO might make sense from that perspective. You can than choose to buy whichever of the three you like.

I have more than a full position in TUO as a longer term hold.  However, this dip has me considering a shorter term swing position, which at this moment, I will probably go with AMK.

my two cents

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