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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

Comment by schocoron Jan 05, 2023 4:11pm
66 Views
Post# 35205521

RE:RE:RE:RE:RE:RE:RE:Bashers

RE:RE:RE:RE:RE:RE:RE:Bashers
Goldy63 wrote:
RayJay67 wrote:

Well, they do state in their December 2022 Investor Presentation the following:

"Drilling to recommence at Storm to expand the near- surface footprint and follow-up deep discovery."

Then from their October press release, they state the following:

"Plans for the next field season in Can- ada are already under way. O’Neill hopes the company will be able to start earlier than this year’s first campaign with more ground logistical support identified as priority"

So with all that being said, I can only conclude that it's a given that are definitely going back in 2023. No reason to think otherwise.


 

Well said . Only a basher would dream up the possibility AW spent almost 5 mil this year on the maiden drill program and hit beauty Copper numbers and not come back but hey thats what crumblords do . Long Bay.



Investing - successful investing - is about thinking of situations that can/could affect a compnay and its finances. Only a clapper woudl look past any and all bad news as it becomes known (goldy you do this  all the time). 

AW1 does have equipment stored on the island currently - good. But AW1 also does not have money and needs to do an equity raise BEFORE they can get back to Storm - bad. Worse still, they TRIED to raise money after this years Storm results were reported and were NOT able to raise as much as they planned/need. 

 I feel that the results this year are not soemthing I woudl be throwing another $8-9M at next year. Thats what I know; I gave up believing on economic ore at Storm 10+ years ago when we drilled out the seal side...which looked to be the more promising part of the VMS deposit do to its proximity to tide water.

Of course there was no silver in that ore...which is still surprising to me. The copper puddles were deemed less appealing.....but they have been known for 25+ years. Dust em off eh?

On another note - I heard beenie babies are the  new, hot investment trend. Perhaps investors of Aston bay and other fad companies from the past will join that party (sarcasm off) 
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