Post by
Shadow10 on Feb 09, 2023 8:51pm
Share Price
I was looking at Ascot's share price compared to Artemis Gold project ( Blackwater Gold Project ) and their share pice is $4.97 today.
The project is about 160 Km (100 miles ) southwest of Prince George and is an open pit gold and silver. They are still waiting for their B.C. mines act permit so they can't go much further then what they have done so far and B.C. Hydro still has to start on a 135 Km transmission line for power to the mill which is not built yet. What happens if the B.C. government stalls on thei permit ?
So Ascot has a mill, has power and have easy access to Stewart with a port and we should be producing gold bars Q4 23 or first quarter 24.
Ascot is way under priced.
Comment by
buygoldbug on Feb 09, 2023 9:08pm
Share price is irrelevant. It's the market cap you look at if you want to compare.
Comment by
buygoldbug on Feb 09, 2023 9:11pm
They have a market cap almost triple to ours. Yes I agree we are way undervalued. I'm not sure the details of their mine though but it must have more proven ounces with less cost and less risk. Open pit mines are pretty simple as far as risk goes so that probably has a lot to do with a much higher market cap.
Comment by
buygoldbug on Feb 13, 2023 3:41am
I think ascot might have a slingshot move higher this week