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Ascot Resources Ltd T.AOT

Alternate Symbol(s):  AOTVF

Ascot Resources Ltd. is a development and exploration company. The Company operates through two segments: the development of the Project and exploration and evaluation of Mt. Margaret. It is focused on re-starting the past producing Premier gold mine located in British Columbia's Golden Triangle. The Silver Coin, Big Missouri, and Premier deposits, collectively known as the Premier Gold Project (PGP) are located near the processing facility on the Premier Mine site. The PGP covers about 8,133 hectares (ha). Its Red Mountain Project (RMP) is located 23 kilometers (km), southeast in an adjacent valley. RMP consists of about 47 contiguous mineral claims for a total of approximately 17,125 ha. Its Premier and Red Mountain Gold Projects supply gold and silver ores to the process plant. It also has two other properties, including Swamp Point, an aggregate project located in British Columbia and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in United States.


TSX:AOT - Post by User

Post by wildhorse65on Sep 10, 2024 7:14pm
365 Views
Post# 36217671

Ketchup

KetchupWell, here's what I heard:

-I'm not going to speak to.......,"
-I can't speak for Coori Apu, but we hope they'll keep there percentage
-I can't guarantee any timelines,
-I don't know the cost
-It's over a kilometer of development at $7000 CAD ish per linear meter (barring any fugk ups) hard to imagine any of those with these guys........right?
-I'm not sure what financing will look like but I'm optimistic (because these people are pregnant)
-I can't speak to the current cash burn rate outside of what is reported
-I'm not sure who will come back to work because I don't know how long this will take
-It will likely be Q2......(or later?) before commerciality
-I can't speak to takeovers but I admit that we are vulnerable
 -We don't have any proof that the gold that we are chasing is there and if it is, we can't guarantee that it will be excellent or not

 BUT, we either have to rise to the occasion or we aren't the people for the job

 **All of the reasons for shutting down and chasing the deeper stopes were explained as the board decided that it was the best use of shareholder's money.

 Much ado about nothing, but there will be a repeat on Wed Sept 11 (911) at 3:00p.m.

 So, I'm stoked.........

 If someone heard something else of substance, please correct me. I'd LOVE that.


 
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