Aston Bay Holdings Ltd V.BAY

BAY bee example provided by Sandfire..

[martindale]

Sandfire..

From Nov 4 2011 news release. 

 

"With the shipment of our first high-grade DSO expected during the secondquarter of next year, it is appropriate that we have sales arrangements inplace first for this aspect of the project," said the company's managingdirector Karl Simich.

A definitive feasibility study has indicated that DeGrussa could produce 77,000 mt/year of copper at a cash operating cost of AUs $1.02/lb ($1.08/lb) in its first three years of operation, based on an initial minelife of seven years with potential for expansion.

Keep in mind copper was $3.40 ish a lb at the time.. and again the first shipment was only 6600 tones at 30% concentrate.. $13 million. go check out their current share price.. BAY/AWM could very well be the next Sandfire... we will see.. even if that cost was double for BAY with copper at $4.00 ish a lb that’s almost a 50% profit margin.. not bad in my opinion..Shhh don’t tell the rear admiral and his tool...lol

[Patrick2Linton]

80/20 split will also apply to the start up costs for any DSO mining. There was a number of $50,000,000 in estimated startup costs Thrown out by Traps. I would assume that $12,500,000 will be BAY's responsibility to come up with. Last money raise via PP was in April 2022 and only could muster $60,000.00. There is still a large hill to climb to get to DSO regardless of what gets posted here

[schocor]

"Could very well be the next"........sounds like casino talk not investing talk.  Dont get duped into buying a crummy stock absed on a drive by comparison to another company - and never trust a cheerleader. Do your own thinking. 

[Patrick2Linton]

If this is the same Sandfire with the stock symbol of SFR that has over 1.0 Billion shares outstanding and trading at .10. It does have multiple projects to get to that valuation however and not just a 20% ownership in a project that still doesnt have a reserve calculation done on it.  The degrussa project also had a gold component to it. The project was also located in Australia where

[schocor]

Good analysis - apples and organes.

[Patrick2Linton]

Whats even more startling is that with over 1.0 billion shares issued, the shares closed trading today with 1,800 (one thousand and eight hundred) in volume last at .12. Why is the market not recognizing this amazing opportunity? Also note that in Martia's quote is coming from a press release from the year 2011. You have to read the fine print from these pumpers' posts. It does help answer

[woundedknee]

Nice try Patty...I guess where you were born 3 seconds before your "tool" twin you get to give the false info about Sandfire and try and use that to laugh at Bay. To answer your question...NO! This is not the Sandfire trading at ten cents with over one billion shares. Sandfire Resources has 456 million shares and the Closing price was $6.74 Aus. and it has a market cap of 3.09 Billion

[Patrick2Linton]

Then you get pumpers trying to compare watermelons (sandfire) to potatoes (BAY).   BAY the potato: -178,000,000 shares outstanding -last closing price .04 ( 4 cnd pennies) -$7.0 million dollar market cap on a good day -does not pay a dividend -Yearly price range of .015-.07 yes this is in cents -last revs were $0 and company does not foresee revenues in the near future. - $34,498.00