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 > Why the selling

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Comment by Larry60on Sep 16, 2024 11:45am

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Post# 36225564

RE:Why the selling

9 lives,

best to compare it to TUO as well. And it is very overvalued on a relative basis........although the spread has narrowed alot in the past week.

NineLives wrote:
Put Cunningham to one side then think what is AMK's 20% in Treaty Creek really worth. You can look at the part or the sum of the whole. In other words any company wishing to take over the whole shbang is going to be paying quite the premium. Possible 200% above where these 3 are trading.

So in reality (something exploration stocks lost over 3 years ago) AMK is trading, now, at a very deep discount. And if the Cunningham offer is real or if some other company is using that as a springboard they are buying up AMK sooooo cheap. Quite unbelievable.

Dec Gold $2.608, Feds meet this week, if they have any common sense left they'll cut 50 bps.