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American Eagle Gold Corp V.AE

Alternate Symbol(s):  AMEGF

American Eagle Gold Corp. is a Canada-based company, which is focused on exploring its NAK copper-gold porphyry project in west-central British Columbia, Canada. Its NAK property is located in the Babine Copper-Gold Porphyry district in central British Columbia. The property is also close to the past-producing Bell and Granisle open pit Cu-Au mines. The NAK property has logistical advantages and can be accessed via well-maintained forest production roads from Topley Landing. The NAK copper-gold porphyry deposit occurs in the Stikine Island Arc Terrane, which hosts many copper porphyry deposits in British Columbia. In addition, NAK is associated with Babine Intrusive Suite, which is Eocene age and locally hosts the Bell, Granisle, Morrison, Hearne Hill and Dorothy/Duke copper-gold deposits. The NAK Project is easily accessible from the mining Town of Smithers, located 80 kilometers (km) to the SW, and connected via highway and rail to BC ports.


TSXV:AE - Post by User

Post by goldsoldaton Nov 08, 2022 1:15am
234 Views
Post# 35080972

Arbitrage

ArbitrageThere are 57.61 million AE shares issued with public float of 42.27 million shares. There are 247.16 million ORX shares issued. Rounding 46% ORX and 54% AE to 50-50, and dividing shares issued yields 4.25 AE shares for each ORX share. Dividing 4.25 into current AE price of 22 Cents CAD, yields 5.18 Cents value for ORX. ORX closed last at 6 Cents. The foregoing gives no value to the ORX portfolio of drilled gold deposits (Mirado, McGarry, Knight, Mistango, and QC Copper and Gold). There is a great arbitrage opportunity to sell AE and buy ORX. Wealthy investors could buy both. Goldsoldat
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