Ascot Resources Ltd T.AOT

Questions

[TrueGold]

Yes good posts by Molly4 and Capit.

Hi Capit: I last sent you an INBOX in August 2011 when we were in Capstone together. I see that AOT is the only stock you are posting on now. Myself as well and most of my posts show how po'd I am. Waiting waiting waiting, getting older older older.
I've been away from the boards for a long time but came back on when my patience came to an end waiting on AOT.
Hi Molly4 as well. Another good poster also from Capstone days. Molly4 I sent you an Inbox 2 or 3 weeks ago. Never heard back from you.
I remember both of you posting on Capstone for over a couple of years were also very very positive at the time. And look what happened to it!! It dropped from $5 to .50 cents. I hope you both didn't take a bath on that one. Was a good buy at .50 cents but I didn't want to touch it again.

Anyway; in your post Capit you put in from Sprott that their outlook for AOT is $1.85\share. Could you please tell me what they are saying. Are they saying by the time they reach production (at these gold prices) they project $1.85 a share?
I know they will be drilling again at the start of June and hopefully can drill a lot more than this summer and that can add to the share price.
Unfortunately for myself when I got into AOT I was getting information from a cousin who was getting information from a stock broker somewhere in Alberta who's information was nothing but BS. So my average is much higher and I'm not so sure I should average down AGAIN!!!!

Also what is a range you see in the next year with gold around $1900. Can you see this being $3.00 a share? Looking for both your opinions on what you both see as a fairly reasonable price a year from now or at production time. Thanks. I'm in Kelowna now no longer in Alberta.

[Forbesa13]

Sprott estimates Ascot should trade at 75% of NAV during the pre-production phase and so that's their price target for the next 12 months. The NAV is based on the Feasibility Study and they've made some of their own adjustments to that analysis. They calculate a current NAV of +/- $2.47 per share using a discount rate of 5.0% and gold price of $1,850. There are a number of other

[TrueGold]

Thank you for that explanation Forbesa13. Yes sure hope they can drill 3 or 4 times what they did last summer and fall.

[molly4]

Hey TG Sorry about not replying to your message.  I never look in my inbox.  I will respond later today or this evening