RE:RE:RE:Neat New one to add to watchlist-ashton bay J
schocor wrote: Goldy63 wrote: schocor wrote: This is a neat new company for me to follow. storm grades are good....but this is REMOTE!! the company will effecrively get a carried 2% NSR on storm....which is pretty good.
They will have to find a fair bit if copper to ever build a mine, but you could see a 2% nsr having some value down the line.
As for a market cap at ashton, hard to see it being worth more than $25m on even the most spect@cular results at storm. in my opinion.
Good morning schocor . BAY already has 6 continuous holes over several hundred metres and past grades are well above the 1% considered to be high grade so I find it easy to see a big spike in SP when we start getting grades from these holes and up to 14 more coming (NR) As for finding Copper the visuals are chock full and if you read up BAY has found very high % of Copper . As for a mine thats for another day after ressource gets proved out and would not be surprised if American buys us out . Also posted Serenghetti . They hit 100 plus metres with only 0.99 grade and the stock went from 30 Cents to $1.50 just like that . We get good grades over big metres and sure looks like that from the info provided so far I think everyone with shares here are going to be very happy campers . Cheers.Long BAY.
Myt thoughts are 1> Share prices doesnt matter - market cap does. With a 2% carried interst in a VERY remote project, the market cap can only go so high on ANY drilling results. About 3-4X current value is where I see it in a best case scinerio.
just to straighten your thinking a little share price and market cap are a direct reflection of each other. Multiply the amount of shares by share price and you have the market cap.. can’t have one without the other.. but as to drilling results you are correct it will only take us so far without something substantial as in an offer or a beauty of a mining deal. .12 should be seen again on good grades.
GLTA Invested