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Bullboard - Stock Discussion Forum Ascot Resources Ltd T.AOT

Alternate Symbol(s):  AOTVF

Ascot Resources Ltd. is a development and exploration company. The Company operates through two segments: the development of the Project and exploration and evaluation of Mt. Margaret. It is focused on re-starting the past producing Premier gold mine located in British Columbia's Golden Triangle. The Silver Coin, Big Missouri, and Premier deposits, collectively known as the Premier Gold Project... see more

TSX:AOT - Post Discussion

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Post by Kruithof on Jan 02, 2024 7:43pm

Price

What's a high price this can get to if they hit heavy, good gold, and everything gets finished up smoothly, must be ideal mining weather up there right now with almost no snow and such mild conditions.  Is $2 dollars kind of the highest this could ever go with 600 million shares?
Comment by Shadow10 on Jan 02, 2024 8:29pm
Well its hard to say, but the price of gold is rising and they don't have much debt. If they start the mill end of March or early April and they have high grades going through the mill they will be bringing in a lot of cash. They have a lot of high grade core,s and we are waiting for the last batches of core drilling to come in.  They haven't even looked at the rest of their property. ...more  
Comment by Kruithof on Jan 03, 2024 12:03am
Yes i agree, and with this winter we're having and in reality the mine is basically 20 km maybe less from paved roads and pretty easy access things are looking pretty exciting
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