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Bullboard - Stock Discussion Forum American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

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

American Creek Resources Ltd > I see a lot of talk….
View:
Post by CaptainE on Jun 07, 2024 3:15am

I see a lot of talk….

About a few folks being dissatisfied with the .43 LOI representing 30$ per ounce in the ground. My take is that due to metallurgy and Cu content any offers such as this are primarily focused on the CS600 which ups the dollar per ounce. The risk of a tunnel sterilizating the claim or litigation regarding such(unlikely but possible) and the amount of time it would take for us to get to feasibility and permitting there is a large loss of opportunity cost in waiting at the 10-20 cent range. Personally I think this is fantastic as yes it way start a bidding war and for those of us with holdings in the other amigos you can't deny that this will give us some momentum moving forward. The true value of the claim will come forth as time goes on but for right now this is a sweet deal. Greed will kill, take a win for a win. Cheers longs.
Comment by Stockmoves1 on Jun 07, 2024 8:16am
This will create trading opportunities and bring eyes to these plays / I can not disagree with Larry on many fronts / I have seen this play out many times / the boiler room shysters will move this up and down many times over / first the pump that may last for a while / then the dump and the lies start and negativity flood the boards as they bring it down and start all over creating ghope once more ...more  
Comment by Stockmoves1 on Jun 07, 2024 8:35am
here is the KEY number to watch for .25 / If .25 goes 34 and 43 are now potentially in the cards / 25 is pivot for amk and .96 / 1.05-12 for TUD
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