American Creek Resources Ltd V.AMK

A little more on the Nugget Trap placer claim

[rockport1]

Cunningham Mining stated in Sep 2023 that it is requesting a permit to mine 15,000 cubic yards of pay dirt per annum at the Nugget Trap claim.   At their stated assay rate of 25 g/t, and with a specific gravity estimate of 1150 kg/cu yrd, it works out to about 10,500 ounces gold per year.

At a gold price of USD $2300, that works out to about U $24 million per year in revenue.  I know almost nothing about placer mining, so I cannot make any estimates on the cost.  I also do not know if the permit can be extended. 

Anyway, just more info to consider regarding the crediblity of Cunningham Mining.  Note drilling for the assays appears to have conducted by More Core Drilling.  At least, they are the client on the Assay report. The assay report was issued in Feb 2020.

[Galaxym31]

All this angst isnt saying much about AMK management , why do you even own this stock ?

[rockport1]

Not sure what you're upset about.  Not saying anything about AMK management in this post. I'm trying to assess the strength of the Cunningham offer.  I thought it is a useful data point for those folks here, as it is part of my due dilligence.  If enough folks don't want me to post my findings, let me know.  If you find it useful, like the post.  I can then