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Ascot Resources Ltd T.AOT

Alternate Symbol(s):  AOTVF

Ascot Resources Ltd. is a development and exploration company. The Company operates through two segments: the development of the Project and exploration and evaluation of Mt. Margaret. It is focused on re-starting the past producing Premier gold mine located in British Columbia's Golden Triangle. The Silver Coin, Big Missouri, and Premier deposits, collectively known as the Premier Gold Project (PGP) are located near the processing facility on the Premier Mine site. The PGP covers about 8,133 hectares (ha). Its Red Mountain Project (RMP) is located 23 kilometers (km), southeast in an adjacent valley. RMP consists of about 47 contiguous mineral claims for a total of approximately 17,125 ha. Its Premier and Red Mountain Gold Projects supply gold and silver ores to the process plant. It also has two other properties, including Swamp Point, an aggregate project located in British Columbia and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in United States.


TSX:AOT - Post by User

Comment by sclardaon Feb 15, 2021 1:53am
173 Views
Post# 32567043

RE:RE:RE:AOT

RE:RE:RE:AOTmolly4 wrote

Current management has been here for just over 3 years, and  AOT has only been involved in Premiere for maybe 10 years tops.  Certainly not 16 years.  Before premiere John Toffin had AOT in many different plays to attempt to discover something.  Immediately before Premiere was Swamp Point, which is still our asset, I think they looked for Siver in Mexico as well as many other attemnpts at many different things  Current management took an area that Toffin and crew enviioned as an open pit mine with no real plan to get there, and have brought it in 3 short years to being on the verge of being an extremely economicall, high grade long lasting deposit.  It is my opinion current management has earned every nickel they have been paid.  I think if I am not mistaken but a whole thwack of Derricks options are currently not in the money, so that currently does not count towards his compensation.    

----------------------------

  Good post.  In three years management has taken over a company that had been drifting around for many  years and focussed it to develop the one really good asset they had that will produce a lot of profits for many, many years to come.

 For whiners like wildhorse who think they know it maybe he should go develop his own gold mine and show us all how its done. 



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