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Bullboard - Stock Discussion Forum American Creek Resources Ltd ACKRF


Primary Symbol: V.AMK

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... see more

TSXV:AMK - Post Discussion

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Post by Krammer000 on Oct 24, 2024 12:08pm

In my opinion

I think Newmont or another major, that's want in to the Golden Triangle, needs to put in a bid on AMK. Owning 20% of Treaty Creek is a great start. With no dilution. If Treaty Creek isn't bought out yet and going to Mine production, 20% of the cost to build a mine is cheap ( relative to other other CAPEX in the area ). Let's say major bought AMK $250,000,000.CAPEX was $1,200,000,000 and AMK share would be $240,000,000. That's a $490,000,000 all in investment. 
500,000 AuEQ ounces per year at todays gold price of $2750 is $1,375,000,00 - 80% = $275,000,000. $275,000,000 AMK share per year. $490,000,000 investment and in year 2  $550,000,000 AMK share. I know this is back of the napkin numbers but it gives you an idea of the rate of return AMK would get. Year 3 your in the money!!!!!!!!!!!!!
To me this is a no brainer. Come on Newmont now's the time to get involved.
Comment by Jetstream1281 on Oct 24, 2024 12:17pm
IMO they should by all of TC....then hold Rudi hostage....sell or sit.....we've got at least 17 and more likely 30+ years to wait you out...how much time do you have?
Comment by Nikolazen on Oct 24, 2024 2:05pm
According to that news token will be listed tomorrow  https://biconomy.zendesk.com/hc/en-us/articles/38996245915929-Biconomy-Will-List-Nugget-Trap-Gold-Token-NGTG-for-Spot-Trading
Comment by Larry60 on Oct 24, 2024 2:41pm
That would strongly suggest it will trade tomorrow. Given that there is currently NO float that we know of, Id expect  it will rocket up in the short term.  Once they, or GEM, start selling big time into market we will see a pullback. Remember when TUD spun out GSTM 2 years ago?  It got listed before peope got their shares in their accoutns..............spiked to over a dollar.... ...more  
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