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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

Post by Stockmoves1on Sep 18, 2022 10:21pm
233 Views
Post# 34970408

WOWSERS / this is likely no less than a 30bagger !!!

WOWSERS / this is likely no less than a 30bagger !!!Over the last 5 years or LONGER what we are seeing is the return for exploration is rapidly diminshing so we are not seeing a reduction in exploration dollars but rather what we are seeing is a reduction for the return of those exploration dollars. We are not seeing the discoveries, and the discoveries we are seeing are coming in at a lower grade in less favorable jurisdictions. If you distract out of those discoveries where those really good discoveries have been in the good jurisdictions you see there is very, very few, and therefore the price that is being paid for those discoveries is substantially higher than what we are doing, and therefore that is the reason where the bigger gold companies no longer have the ability to replace their reclining resource base internally, they are having to go externally, and the competition for those options is becoming really intense, and that's why the price for good assets in good jurisdictions is becoming so high. 

There is a rapid decline in the return for those exploration dollars. So we are just not seeing the discoveries we have been seeing in the past. We are not seeing the discoveries in Good jurisdictions with Good grades and therefore GOOD Acquisitions in GOOD Jurisdictions are being purchased at HIGHER prices ..

My apologies folks for being so Conservative.. I am adding a few hundred thousand shares soon to my TFSA lol.....



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