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.

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American Creek Resources Ltd > Correct me if I’m wrong.

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Comment by Krammer000on Jul 31, 2024 4:54pm

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Post# 36157024

RE:RE:RE:RE:Correct me if I’m wrong.

Back of the napkin numbers.

let's say 30,000,000 oz goldstorm deposit.

let's say $150 in the ground and at these prices $2500 oz is incredibly doable.

30,000,000 X $150 in the ground = $4,500,000,000
$4,500,000,000 - 80% = $900,000,000
$900,000,000 / 435,000,000 shares outstanding = $2.06 / share.

and our first bid is .43 Canadian dollars is in my opinion is not a good sell. IMHO I'm sure management can get a better deal. I think there a lot of behind the door shenanigans cuz this just doesn't add up. Record high gold and we are selling at $30 in the ground. Mmmmmmmmm
just my opinion.

cheers

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