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Aston Bay Holdings Ltd V.BAY

Alternate Symbol(s):  ATBHF

Metals & Mining Industrial Metals & Minerals
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 > Excellent News
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Comment by astonbayon Jun 24, 2024 11:10am
124 Views
Post# 36103272

RE:Excellent News

RE:Excellent NewsFrom Giovanni33:
Exactly, you don't waste this kind of money without doing proper DD. More than most of us on here would have done. Very different to a raise where you get a bunch of free oppies and your downside is protected.

This is closer to institutional investment. They benefit from it being a royalty of course, but they also take on the risk of that royalty being worthless if this does not get up. Therefore it's a MASSIVE vote of confidence from taurus that this will be mined. That means they must trust the DSO is going ahead. I can't see them waiting for a proper concentrator/float plant which would be years after DSO due to permitting. Money has a time coefficient on it and they would be well aware of this.
 
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