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 > NGTG Questions

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Comment by Larry60on Nov 08, 2024 10:14am

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Post# 36303068

RE:NGTG Questions

Rockport,

Those are all good questions. In theory, it would be like a Junior with tokens instead of shares.

Unfrotunatley, we do not live "in theory"

What we do know:

1) Cunninghsam issued THEMSELVES 900 million tokens!!!!!
2) Cunningh was trying to raise $60 million with 100 million additional coins in a PP........but it apparently did not succeed so they moved to a listing with the hopes of selling tokens into market from what I can tell,
3) Forumula for issuing coins? THey vaguely talked about it in the white paper but there were no guard rails. And now the link to the white paper is DEAD.

So there is no definitive formula for share issuance. There is no operational disclosure requirements. THere is no real regulatory oversight. Wow, sounds like a great idea for a bunch of Pink sheet rumper flumpers??????

NGTG, which currently has 0 float (or close to it), is now valued at $1 BILLION!!!!! And with NO $$$$. NO assets aside from nuggetrap and a right to buy AMK for $210 million which is still unfunded

all imho

rockport1 wrote: Hey folks, I've got many decades of experience in the junior resource market, but I know very little about crypto. Can you confirm if I understand the NGTG token correctly? From what Ryan Cunningham says, I summarize as follows. Please confirm if I am correct or not.

A) NGTG strategy is essentially to be a junior resource company, but instead of equity shares on an exchange, investors will hold NGTG coins. This would broaden the shareholders and marketing appeal of the company to worldwide crypto exchanges.

B) The NGTG coins will be backed by gold-in-ground assets vs other crypto products that are backed by "perceived mathematical scarcity & marketing" or paper gold, or physical gold (for similar products).

C) NGTG holders can benefit from gold price rises (for gold-in-ground valuations), exploration success expanding ounces, and monetizing the cheaply acquired properties/assets (as in the case of AMK). I.e. for this last point, buy cheap and await proper valuation.

D) Is there a formula to how many coins are released and distributed?

Thanks for any help you can provide.