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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 CharlieWaffleson Jan 13, 2021 2:37pm
163 Views
Post# 32286649

RE:RE:Measured category

RE:RE:Measured category
Ok, if we're talking Stinger this is what I have. These numbers can be found in the quarterly report but I will clarify the cash position. My understanding is 3M but with the expectation of warrants to be converted total cash could be closer to 8M but I would use extreme caution in the event this number doesn't materialize. So if you want to cut cash to 3M then you get a whopping 9M MCAP, cheaper than a shell company. Also the property values I used include drilling and works already done by AMK. 
 
 
 
 
Stinger  
Share_Price  $            0.31
MCAP  $13,968,289
Shares     45,000,000
Cash  $   8,000,000
TUD  $   3,221,148
Reclamation Bond  $        80,000
Dunwell  $   1,694,337
GOLD HILL  $      803,312
AMPLE GOLDMAX  $        94,170
GLITTER KING  
SILVER SIDE  
D1- MCBRIDE  
OTHER BC Properties  $        75,322
 
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