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Ascot Resources Ltd T.AOT

Alternate Symbol(s):  AOTVF

Ascot Resources Ltd. is a development and exploration company. The Company operates through two segments: the development of the Project and exploration and evaluation of Mt. Margaret. It is focused on re-starting the past producing Premier gold mine located in British Columbia's Golden Triangle. The Silver Coin, Big Missouri, and Premier deposits, collectively known as the Premier Gold Project (PGP) are located near the processing facility on the Premier Mine site. The PGP covers about 8,133 hectares (ha). Its Red Mountain Project (RMP) is located 23 kilometers (km), southeast in an adjacent valley. RMP consists of about 47 contiguous mineral claims for a total of approximately 17,125 ha. Its Premier and Red Mountain Gold Projects supply gold and silver ores to the process plant. It also has two other properties, including Swamp Point, an aggregate project located in British Columbia and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in United States.


TSX:AOT - Post by User

Post by TrueGoldon Aug 04, 2023 2:06pm
361 Views
Post# 35573832

AOT - READY TO TAKE OFF - NO

AOT - READY TO TAKE OFF - NOThis is set to start production early next year. Derek said in one of the question call ins that maximum production would take about 2 years to reach.
If gold stays where it is ($1,950 - $2050) then in about 2 years we will be around $1.75-$2.00\share. So IMO this stock maybe moves up slowly in tandem with ounces of gold produced.
60 days of trading within a nickel tells the story going forward. If the stock was ready to rocket most people would sell the farmand buy as much as they could.  So unless drilling proves up a massive area of gold or some unforseen special event happens ---- THIS STOCK WILL NOT ROCKET UP ----  but move up on average of .07 to .10 cents per month.
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