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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.


TSXV:BAY - Post by User

Aston Bay Holdings Ltd > Epstein Interview with CEO Tom Ullrich
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Post by astonbayon Apr 23, 2024 1:55pm
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Post# 36003674

Epstein Interview with CEO Tom Ullrich

Epstein Interview with CEO Tom Ullrichhttps://epsteinresearch.com/2024/04/15/high-grade-copper-gold-aston-bay-holdings-has-both/

I asked CEO Ullrich how difficult it would be to “direct ship” Storm Copper ore,

“Storm Copper is just 20 km from the coast, across a flat area. Engineering studies are underway, and we believe we could build a road to the coast without a bridge or culvert. We propose to ship upgraded mineralization in one-tonne bags, using empty sea-lift ships on their return leg south. No port facilities would be required, just barges from the shore.”

Upfront cap-ex to direct ship should be quite modest. The equipment is modular and fits into sea containers. Management sees this as a bolt-together operation using low-cost temporary structures rather than significant permanent constructions. In my view, (not company guidance) cap-ex could be under US$50M, especially if management ramps up production in two or more phases. Aston’s share of the US$50M would be US$10M.
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