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Buyers and sellers seemed to have dried up...
That low would surprise me. But could happen. If it does I may have to sell something and get more. If you are not done I think later this week or next we will see more buying coming - Recommendation is coming sometime soon.
Added more today. Think we have a 50% pullback to .05 or just under?
Thanks, Seek. Just concerned with all the shares on the ask. But it's probably people taking their doubles and old holders getting out when they can. Hopefully we see some increased action in the coming weeks.
Ashy2Classy,
I know you were concerned of this being a possible pump and dump.
Here is something I found to add confidence in the legitimacy of this company.
1) Major Shareholders –AltiusMinerals (~17%), SSR Mining (~16%) and Management/Board (~3%)
2) Property payments deferred to preserve near-term cash Prior owner SSR Mining deferred property payments of US$5M to 2023 and US$7M to 2025 in exchange for 24M shares
If SSR is willing to defer our payments to them for shares
I take that as a sign of their confidence in Abraplata.
Looks like 1/4 could be execised at 6 mo (June ) . Sure gives them incentive to get the stock price up.
Are these options being exercised?
Grant of Stock Options
AbraPlata announces that it has granted an aggregate of 10,400,000 incentive stock options ("Options") to purchase common shares to a number of officers, directors, and consultants under the Company's Stock Option Plan. The Options were granted on January8, 2020, with an exercise price of CAD$0.065per share. Each Option is exercisable for a period of five years from the date of the grant to purchase one common share. The Options vest over 24 months, with 25% of the options vesting in every six months. The Options were granted as part of the new Company's focus to a model with more emphasis on equity-linked compensation and reduced cash compensation.
Gold Investment Letter will promote this publicly in a week or so. He says load up to $.10 CND. So our timing is good. Is expecting big pockets to start to invest in it once it moves little higher.
Discussion on silver gold ratio here. Here is an interesting interview discussing it. You all may find it interesting
Hoping for a 2x-3x on this price in 1-2 months. No doubt it will happen just a matter of how long. Currently one of the cheapest silver plays to be found.
Same. Need to double my position.
BUY BUY BUY:
If Abraplata was valued at $.21 USD (conservative ave) for in ground silver like our peers are valued we would be well over $.11 pps.
So that gives you a reasonable idea of how much Abraplata shares are undervalued at today's $.063 .
text from Abraplata CEO John Minotis that said in essence:
"I've been telling investors that we are undervalued based only on the 730,000 gold M&I resource alone at $24/oz valuation. So, you get 80 million ounces of silver for free...which is insane!"
www.eresearch.com/registration/AbraPlata –Capital Structure& Financings
•In April 2019, AbraPlata closed a non-brokered private placement of 15,000,000 units at a price of $0.05 per unit to raise up to aggregate gross proceeds of $750,000.
•In October 2019, AbraPlata closed a non-brokered private placement of 25,000,000units at a price of $0.06 per unit to raise up to aggregate gross proceeds of $1.5 million.
•On December 19, 2019, Aethon and AbraPlata completed the merger.
•As at December 31, 2019,fully diluted, the Company had
37 3 million shares outstanding, comprised
249.8 million common shares,
11.1 million warrants and
13 million options with average strike prices of $0.25 and $0.25, respectively.
•Major strategic shareholders include Altius Minerals(16.8% –through Fondo de Inversión Privado Mining Equity)and SSR Mining(15.9%).
•Management and insiders own approximately 3%.
•AbraPlata still has outstanding Diablillos property payments of US$5 million and US$7 million to SSR Mining that have been deferred for four years. SSR Mining waived all outstanding advance royalty payments, in exchange for 24.15 million common shares in AbraPlata.AbraPlata–Upcoming Catalysts in 2020
•Diablillos property(Argentina)oOcul to drill program, more results in Q1/2020. Two holes were released in January 2020 and we expect drill results from five to sixmore holes.oPEA update to incorporate optimized CAPEXand grade profile in H2/2020.oRegional exploration activities.
•Cerro Amarillo porphyry project(Argentina): Announce potential earn-in partnership.
•Aguas Perdidas gold project(Argentina): Advancement is subject to improved mining regulations in Chubut province.
•Arcas copper project(Chile): Rio Tinto to advance exploration programas part of earn-in agreement.
Picked up a bunch under .05. Nice undervalued price.
Abraplata interview at time of interview they were trading at $.07 / oz
vs peers are trading at $.30 /OZ. So very undervalued.
Undervalued by 3x compared to peers, using silver OZ in ground
Peers valued $.29 / Ag OZ
ABBRF $.08 / Ag OZ
Nice Corporate Profile on ABBRF: https://www.privateequitymarkets.us/abraplata-resource-corp-otcabbrf
Here is some very exciting news from AbraPlata.
https://provenandprobable.com/junior-mining-evaluating-underground-exploitation-potential-of-high-grade-mineralization/
Interview in video audio and transcript:
https://provenandprobable.com/abraplata-pre-feasibility-and-financing-opportunity/
Financing Opportunity with Abraplata:
https://provenandprobable.com/abraplata-announces-non-brokered-private-placement/
Here are the latest press releases from AbraPlata:
https://provenandprobable.com/abraplata-announces-diablillos-pea-results-30-2-irr/
https://provenandprobable.com/abraplata-pursues-strategic-partner-following-positive-pea-in-argentina/
Here is a very comprehensive interview with CEO Willem Fuchter regarding AbraPlata Resource Corp:
https://www.provenandprobable.com/abraplata-resource-blue-sky-organic-growth-massive-discount/
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AbraPlata Resource Corp. is a Toronto-based mineral exploration company that offers investors exposure to silver, gold, and copper through projects at various stages of exploration, from drill-ready to PEA stage. AbraPlata provides major leverage to silver and gold through its 100% interest in the Diablillos project in the mining-friendly Salta province in Argentina.
Acquired from SSR Mining Inc. in 2016, the Diablillos project has had more than US$35 million spent on exploration and currently has an
Indicated resource: 140 million silver-equivalent (AgEq) ounces or 1.7 million g old-equivalent ounces (AuEq) .
A preliminary economic assessment ("PEA") was completed on Diablillos in 2018 to evaluate an open pit mining operation. The PEA demonstrated that Diablillos has the potential to be a significant producer of silver and gold with robust economics including an after-tax IRR of 30.2% and NPV 7.5% of US$212 million (at $20/oz silver and $1,300/oz gold). For further details, see report titled “Technical Report on the Diablillos Project, Salta Province, Argentina", dated April 16, 2018, was prepared by RPA Inc., and is available on www.SEDAR.com
Current work at Diablillos is focused on evaluating the possibility of an optimized project at Diablillos that targets the higher-grade mineralization, which is concentrated in structurally controlled zones. One compelling aspect of the optimized study is that it opens up exploration potential at depth and along strike.
In December 2019, AbraPlata merged with Aethon Minerals (TSXV: AET) through a plan of arrangement. The merger resulted in a strengthened company with SSR Mining and Altius Minerals as its largest shareholders. The merged company will remain focused on exploring and advancing the Diablillos project and will also have upside exposure through Aethon's Arcas copper-gold porphyry project in Chile, on which Rio Tinto has the right to earn a 75% interest by spending US$25 million.
Presentations:
June 25 presentation
https://abraplata.com/_resources/presentations/corporate-presentation.pdf
Diablillos –Advanced District Scale Project
80km2property (100% AbraPlata) in Salta, Argentina
Indicated resource: 140 million silver-equivalent (AgEq) ounces or 1.7 million gold-equivalent ounces (AuEq) 1
Initial open pit PEA completed in 2018 with compelling economics (After-tax NPV of US$212M & 30% IRR)
Excellent Exploration Potential at Diablillos
Multiple mineralizes zones –epithermal gold-silver and porphyry copper-gold –with very little deep drilling to date
Drill program ongoing to expand gold-silver resources. Initial high-grade results include:
?7.0m at 20.6 g/t Au and 202 g/t Ag (oxides)
?17.5m at 604 g/t Ag (oxides)
?15.0m at 5.1% Cu, 2.35 g/t Au and 658 g/t Ag (sulphides)
Trading at a Significant Discount to Peers
Trading at only $0.14/oz AgEq vs. peer group of $0.42/oz AgEq
Assumes no value for other properties or new discoveries
Experienced Team & Supportive Shareholders
Altius Minerals and SSR Mining own 27% of outstanding shares
Eric Sprott currently investing for an 8% equity stake
Assets in Attractive Mining Jurisdictions
For 2019, Salta province ranked 4th overall for investment attractiveness in Latin America and Caribbean Basin
*Ranking ahead of countries such as: Mexico (6th), Brazil (9th) and Ecuador (13th)
AbraPlata’sportfolio of assets are located in 3 of the top 4 most attractive jurisdictions in Latin America
* Arcasproject in Chile (rank #1)
La Coipita project in San Juan, Argentina (rank #2)
Diabillillos project in Salta, Argentina (rank #4
2020 video:
https://youtu.be/MeOgITVhVAU
Shares Outstanding | Options Outstanding | Warrants Outstanding |
---|---|---|
318 M | 23 M (avg. exercise at $0.12) | 168 M (avg. strike at $0.18) |
Insiders own ~38% of shares outstanding - Altius Minerals* (15%), SSR Mining (12%) and Management/Board (3%)
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