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Aston Bay Holdings Ltd V.BAY

Alternate Symbol(s):  ATBHF

Aston Bay Holdings Ltd. is a Canada-based mineral exploration company exploring high-grade critical and precious metal deposits. It is engaged in exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut, and the high-grade Buckingham Gold Vein in central Virginia. It is also in advanced stages of negotiation on other lands with high-grade critical metals potential in North America. The Nunavut property is located 112 km south of the community of Resolute Bay, Nunavut on western Somerset Island. The property is adjacent to tidewater on Aston Bay and comprises 12 prospecting permits and 118 contiguous mineral claims, which comprises of Storm Copper and Seal Zinc, covering an area of approximately 541,796 acres. Under Virginia property, it focuses on exploring two targets in Virginia: high-grade mesothermal gold vein mineralization along strike of the Buckingham Gold Vein and zinc-copper SEDEX-style mineralization in a newly identified base metals/polymetallic belt.


TSXV:BAY - Post by User

Post by Freedom10xon Sep 28, 2022 6:24am
102 Views
Post# 34991338

A fair comparison

A fair comparison

From Gometals.ca website.

(HSP Nickel Sulphide Project Quebec(Slide Deck))

HSP Size Comparison

 

Aguablanca

 • World class mine in Spain

• Primary metals: Nickel and Copper

• Magmatic sulphide hosted in gabbro

• South zone 400m X 100m to a depth of 600m

• North zone 125m X 50m to a depth of 300m

• Avg. Grade: Ni: 0.63% - Cu: 0.47%

• Measured reserves: 14.9 Mt1

 

Go Metals HSP

• Primary metals: Nickel and Copper

• Magmatic sulphide hosted in anorthosite and gabbro

• 6 mineralized EM targets at surface

• Range from 200m X 200m up to 700m X 540m

• Avg. Grade: Ni: 0.42% - Cu: 0.56% taken from bag samples at surface

 

*2002 article* https://www.gsnv.org/shop/aguablaca-a-new-nickel-mine-in-a-potential-new-ni-cu-sulfide-and-iocg-belt-in-southern-spain-and-portugal/  Aguablanca open pit mine is expected to achieve an ANNUAL production of 18 M lbs of Ni, 14 M lbs of Cu and 20,000 oz of PGM (Platinum Group Metals) for a period of 10.5 years. 

Average 2022 nickel and copper prices puts value of minerals at $198million annually. 

x10years =  $1.98 billion 

 

GOCO.C  with just a 1billion buy out @ 25mill float would = $40.00 a share.

 

  • RIO TINTO (Mkt cap 89.5 billion) already has a titanium mine & railroad that connects to the Gulf of St.Lawrence, just 50kms south of Go metals HSP site. 
  • Go metals HSP is located 15kms from a major hydro electric dam.
  • *Easy 1billion buyout on the low end, it’s early stages here and the value will grow with further exploration*

 

Food for thought.

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