Post by
Stockmoves1 on Oct 19, 2020 11:10pm
The next Leg Up.............
by Kelvin Burton....
We are in the consolidation period.. fewer and fewer deposits will produce for the next 20-30yrs... replacing hard to find projects that are worth going into production are getting very hard to find.. exploration bottlenecks thru covid is another hurdle to finding great projects.. Producers are making money hand over fist... THEY MUST REPLACE .. with GREAT projects.. where we fit into this is we have a Flagship PROJECT in the Golden Triangle...
Gold is consolidating and we are primed for the next leg up!! seasonality / drill results.. not to mention goverments devaluing the dollar thru the printing press.. whoever wins it's good for gold.. in the short term we will have volatility.. Investing in exploration that has leverage.. that folks we have.. the mining stocks are more highly leveraged than physycal gold.. that's why we are here.... producers rise and juniors follow.. we are further down the whip than the producers...
Within the Golden triangle we are neighbour to the largest undeveloped gold system in the world... and we OWN the deposit next to our neighbour called the Gold Storm... We are going from holes in the ground to a defined resource.. we have a 20% interest fully carried... 100's millions of dollars go into proving up these resources and we carry no costs... hmmmm I think we are in the right place... 20miles from the highway with the cheapest power around.. close to a shipping port.
then there is a second project called DUNWELL... 5-8k away a past producing mine... smaller but very high Grade.. past production closer to 7grams per ton... this folks is the spinoff that will give our new spinoff "STINGER" the zinger :)
WOWSERS what a Great reminder of why we are here.... American Creek is perfectly poised for this super cycle in GOLD... we are on the right side of the Mountain Folks.. Do recognize that the number1 resource in the world could quite easily become the second largest resource alongside the TREATY CREEK project.. this is real not fiction !!!!!
In a BULL market DON'T get BUCKED off !!!!!
LONG on AMK !!!!!!
Comment by
NorthernEmt on Oct 20, 2020 9:04am
Good morning All. If a 40 million ounce resource is proven out at Treaty Creek what type of price action should we expect. A ten bagger at these levels? Or would it possibly be higher if gold takes off into the $2500 - 3000 range? Thank you.
Comment by
CharlieWaffles on Oct 20, 2020 9:13am
Using 40M oz at $100USD fully diluted I get $2.27 per share excluding spinout. OZ and $100USD are the vaiables to keep an eye on.
Comment by
Stockmoves1 on Oct 20, 2020 9:17am
good analogy on BTC Charlie I am with you.. a full skeptic on this stuff... the goverment will do what they have to do.. they will create their own currency and anything but will be penalized..........
Comment by
Asamatteroffact on Oct 20, 2020 9:37am
Maybe, but have been hearing this arguement for 10 years & to no avail. One would think they would've tried to squash it when it was much smaller, perhaps too late now. Wait until some central banks and GOV add it to their balance sheet. LOL!!
Comment by
Stockmoves1 on Oct 20, 2020 9:43am
all in due course my friend....lets just say I wouldnt take it to the bank....I just cant get my head around something being so valuable that isn't tangible never alone free of goverment.. the only thing I know that applies is the underground /