American Creek Resources Ltd V.AMK

Alternate Symbol(s): ACKRF

Metals & Mining Industrial Metals & Minerals

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

American Creek Resources Ltd > My theory, and just my opinion.

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Comment by NineLiveson Jun 29, 2024 3:00pm

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Post# 36112180

RE:RE:My theory, and just my opinion.

Correct me I'm wrong but the Newmont buyout of GT gold was $3.25 a share not the $8.50 you posted !

Newmont paid $393 million for the 85% they didn't already own indicating GT Gold had 120 million shares outstanding free float.

AMK has 440 million shares outstanding so 43 cents for a deposit without a PEA in a depressed market appears to be fairish value. Obviously 50 cents would be better.

Why wouldn't they buy TUO or bid on them ? who knows maybe they're on the radar but TUO would be a tough buy with so few shares outstanding and buying in the open market would quickly send TUO's shares soaring.

Early days.

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