Aston Bay Holdings Ltd V.BAY

Alternate Symbol(s): ATBHF

Metals & Mining Gold

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.

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Aston Bay Holdings Ltd > 220 Mil On Your Numbers Alone Succer. Here is Martin Post

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Comment by Goldy63on Feb 06, 2023 1:26pm

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Post# 35269663

RE:RE:220 Mil On Your Numbers Alone Succer. Here is Martin Post

schocor wrote:
Goldy63 wrote: But of course you will spew on and WE did say depends on sorters , how many and what capacity before we can come up with some ballpark numbers on what DSO will produce so $ . Also the open pit mine will be a big fish buyout of Bay and AW and not our problem so get that thru your braindead brain . Quote Martin .( martindale (572)

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February 01, 2023 - 11:23 AM

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Post# 35259548

RE:Lets Take About Scale

schocor wrote:Storm is VERY remote deposit; luckily I hjaev worked at a couple of these in my life and I undersatdn the costs associated with them.

ALot of poeple like to talk about small scale, season, DSO operations - which is AW!'s plan.

I dont believe that a seasonal minnig seperation (6 month?) operations, shiping ~50% concentrate is large enough in scale to ever to generate a return. THe costs of keeping the operation on standy during 6 months outweighs any positive cash flow one woudl generate in the short operating window from a small scale operations (shiping 45,000 tonnes of concentrate per year).

Aston has a 20% effective interest in Storm; and Aston is currently valued at $4.5m.

small scale..we don’t know how many sorters we are going to be using yet do we... all the same your assumption of 45,000 tons at 53% concentrate is close to $220,000,000 ... that’s approx 2.2 sorters 100 day production.. 5 sorters? That puts us close to 100,000 tons of concentrate.. bout $460,000,000... can you tell us how many they will be using? Oh and 1 100 tone truck should be able to handle supplying enough to keep at least 3 of those sorters running if not all 5.. they aren’t moving the dirt far...

OKay - well I as expecting a little more obviously. I iwll keep this a brief as it needs to be:

1 truck is all we need? Seriously, this is ridiciluious and shows a basic ignorance around actual mining engineering, proceses and effecient functions of the equipment employed.

So we are going to have a loader sit doing nothing while the ONE TRUCK on site makes its circuit from the ore deposit to the process plant and goes back again? Anybody with common sense can see this right?

I will tell yuo again that my $500M number is accurate; and I will tell yuo that it as a fleet of trucks and a FLEET os scoops.....as EVERY ACTUAL mining operation does.

What Goldy provided here is what happen when "laptop mining engineers" try to comment on processes and costs they dont undersatnd. Goldy posts alot. Just saying.