Aston Bay Holdings Ltd V.BAY

Alternate Symbol(s): ATBHF

Metals & Mining Industrial Metals & Minerals

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

Aston Bay Holdings Ltd > Key Piece of Information on Storm

<< Previous

Bullboard Posts

Next >>

Comment by Ivorygullon Oct 05, 2022 4:25pm

38 Views

Post# 35007732

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Key Piece of Information on Storm

I'm not comparing them, I am comparing your beloved BHP and the fact that majors can make mistakes........you are telling us that Storm is no good because BHP walked away. I'm saying, wait a minute, the majors aren't always right, and gave you two situations where that was the case.

Now you have even said 'Geologist miss things all the time'..... so it could be with Storm.

Thanks for the other information, it is helpful in the DD process.

schocor wrote: DO you think mining at West Musgrave in Western Australia and mining at Storm woudl be comparable in ANY way? Then why are you comapring them?

Geologist miss things all the time; accountants not so much. BHP's decisoin to leave Storm/HOpe Bay/Childiak was not made by geologists; it was made by the money men that fund exploration in these high risk, remote regions.

There is not enough ore there to mine at Storm now (fact); that why they are exploring. The point is, WILL THEY EXPLORE THERE NEXT YEAR? If the answer is NO because they have no funding, what happens to the share price?

Here is your EBITDA Calc: Mine it, shake it to 53%, ship it to quebec, pay the smelter refining charges, pay admin costs. With a small scale operation, you have no hope of covering these costs - but even more important, yuo have no hope of atracting one of the money men to fund it.

ASton Bay has $12k in the bank and a $.035 share price - I dont see the money men beating a path to its door...