American Creek Resources Ltd V.AMK

little substance a lot of fluff

[Action3030]

What does Cunningham Mining have to support their gold tokens and back up sales of them in order to raise cash in the hundreds of millions of dollars thereof???

[BigValuehunter]

Fair question Action. Right now, they only have some placer claims with no drilling.  Who knows what its worth but Id imagine you couldnt even get 7 figures for it if you tried to sell them. The Nugget TRap White Paper, however, raises even more concerns: 1)  810 million tokens issued to Cunningham Miningh for no cash or consideration, 2)  90 million tokens issued to Cunningham

[Action3030]

There are no Sedar+ filings on the Nugget Trap property designated by an NI 43-101 report signed and dated by deemed qualified personnel. A Technical Report qualifying the Nugget Trap gold claims has never been undertaken. Without them the white paper on Cunningham Mining tokenization is all fluff entirely with not a single verifiable ounce of gold in the ground to back any gold token support with

[BigValuehunter]

I agree Action. If Cunningham does somehow manage to raise $60 million US with issue of 100 million tokens, it would give an implied value to the total tokens oustanding of $600 million US.  All backed by what?  An exploration permit on a property that no one has seen fit to drill on for a 100 years?  I canNOT see how that will ever come to be!?!?!?!?!? Of note is that HNRC, which

[Action3030]

How will Cunningham come up with the $1.3 million for a condensed NI 43 -101 technical report not to mention the time it would take to get it done and perhaps in the outcome, expose some shocking truths in the process they don't have near the amount of gold given in estimations by the previous Nugget Trap owner/s.

[BigValuehunter]

Have they paid teh tiny $300,000 deposit yet to AMK?  Any word?

[BigValuehunter]

Action, Cunningham has been offering the token for sale for about a week now.  I dont know where/how they can be bought.  So assuming others dont as well.  Which leads me to conclude they have raised $0 so far.