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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 schocoron Mar 06, 2023 1:01pm
63 Views
Post# 35321665

How Does Aston Even have a market Cap of $5.3M

How Does Aston Even have a market Cap of $5.3M I really wonder how ASton bay can even stuport its current market cap of $5.3M.

I mean they have  MINUS($600k in the bank) and two projects; Of those projects, Virginia I assess to be a zero value DUD (founders project I assume) and at Storm - WHICH WILL NOT BE MINED FOR DECADES AT BEST - they have an effective  carried 2% NSR.

THIS ^^^  IS SOMEHOW WORTH $5.3m? I can find you much better 1-2% NSR's on larger properties that will be devoped and paying that royalty in 5-10 years.

I dont see any value at ASton, and think its overvalued. I wil keep making my point bluntly as long as people keep pumping the nonsense line that this is the next great copper project; it just isnt. 
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