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Atico Mining Corp V.ATY

Alternate Symbol(s):  ATCMF

Atico Mining Corporation is a Canada-based company, focused on exploring, developing, and mining copper and gold projects in Latin America. Its segments include El Roble mine, El Roble exploration and evaluation (E&E), La Plata E&E. Its El Roble mine segment include its mining operations at El Roble. Its El Roble E&E segment include E&E activities at El Roble. La Plata E&E segment include E&E activities at Compania Minera La Plata S.A. (CMLP). The Company’s principal project El Roble mine is an underground copper, gold and silver mine and processing plant located in the Department of Choco in Colombia. This operating underground mine has processed approximately 3.5 million tons of copper-gold ore. The La Plata project is a gold-rich volcanogenic massive sulfide (VMS) deposit. The La Plata project consists of two concessions covering a total area of 2,235 hectares along its nine-kilometer length, which contains mineralization in two VMS lenses and nine priority exploration targets.


TSXV:ATY - Post by User

Bullboard Posts
Comment by whodathunkiton Mar 16, 2003 11:54pm
211 Views
Post# 5951309

RE: ATY vs ATYT

RE: ATY vs ATYTI believe you are using outdated exchange rates. At a price of $6.61 Cdn, converted to US $ at the current rate of 1.4731 you get a US $ price of $4.487. I believe that ATYT closed at $4.49 on Friday. The various markets are very efficient at maintaining currency translations so it is highly unlikely that you will find much more than a penny difference once something is translated between currency's. The reason Friday's gain for the day seems out of wack comparing the 2 is because the Cdn dollar had a nice rise on Friday so that means in Cdn funds ATY's opening value would no longer be $6.48 ($4.36 US at 1.4841 Thur rate) but $6.42 ($4.36 US at 1.4731 Fri rate). It's gain would now be $0.19 Cdn for the day ($6.61 - 6.42 Cdn) or $0.13 US ($0.19 Cdn converted at the rate of 1.4731). Clear as mud? Cheers.
Bullboard Posts