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American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is situated approximately 70 km north of Stewart. The Austruck-Bonanza Property is located within the Kamloops Mining Division 53 kilometers north-west of the city of Kamloops in south central British Columbia. The Austruck-Bonanza Property is underlain by Devonian to Triassic Harper Ranch formation comprised of fine grade sedimentary rocks including mudstone and shale and includes basaltic volcanics. The Company holds 100% interest in the Austruck-Bonanza Property and 20% interest in the Treaty Creek project.


TSXV:AMK - Post by User

Post by CaptainEon Jun 07, 2024 3:15am
300 Views
Post# 36076914

I see a lot of talk….

I see a lot of talk….About a few folks being dissatisfied with the .43 LOI representing 30$ per ounce in the ground. My take is that due to metallurgy and Cu content any offers such as this are primarily focused on the CS600 which ups the dollar per ounce. The risk of a tunnel sterilizating the claim or litigation regarding such(unlikely but possible) and the amount of time it would take for us to get to feasibility and permitting there is a large loss of opportunity cost in waiting at the 10-20 cent range. Personally I think this is fantastic as yes it way start a bidding war and for those of us with holdings in the other amigos you can't deny that this will give us some momentum moving forward. The true value of the claim will come forth as time goes on but for right now this is a sweet deal. Greed will kill, take a win for a win. Cheers longs. 
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