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ACRL shares the same fault of KL's Macassa mine which is among the highest grade gold mines in the world registering 29 g/ton. This is the upside of the ACRL which is to drill in the very same fault.
That alone makes ACRL to be extremely valuable junior exploration company!
Speaking of Macassa mine: it is 2-3 min away from ACRL properties and produces 250,000 OZ of gold every year. Low cost, super high-grade underground gold mine with ANNUAL PROFITS north of 250,000,000 USD a year.
KL was born when Kinross gold company sold this very same property in early 2000's for, get this: 5 million bux!
You can imagine, how Kinross is feeling today? Horrible. And they had top of the line geologists available who thought there was nothing. So think about the funny statements made by 'i-hub geologists', do you really think they carry any validity? Just ask them, which similar underground mines they have had experience with, what grades were discovered, who did they work with etc, a full disclosure. It's your money so make sure that people you take advice from have actually any experience with gold mining companies. Make sure they state the dates and post or send you valid facts. You make your own decisions, because it is your money. If they cannot provide any of the above information, then stay away from people who may not have your best interests but rather are here to guide the stock price in the direction of their own interests. I trust ACRL and the management that is why I have invested in this company.
ACRL has gold, and it's just a matter of time till we validate the amount. If high grades are confirmed, ACRL will be off the charts and looking back at a penny stock today will be something similar like Kinross is doing today, staring at 250 million profits per year and realizing that it's gonna be going on for at least 10 years of the mine life. In fact, KL is drilling more and with success so this could be 20 year mine life. Well, at today's price levels Macassa becomes 250 million USD/per year x 20 year mine life = 5 billion. Yes, it was sold for 5 million bux…
If price of gold keeps climbing to say 3000 USD per ounce, KL makes 10 billion over that span. And many experts like Sprott, Katusa, Lundin to name a few.
Peter Schiff, the CEO of Euro Pacific Capital group who was also right about subprime mortgage crises and also was correct about previous gold bull market in 2000's believes gold will eclipse north of 5000 USD per OZ. That would make Macassa mine north of 15 billion dollars from an investment of 5 million.
ACRL makes me feel KABOOOOOOOM!
You don't understand. Read his message again.
Just for the record: a rising commodity price in any particular mining industry (here it is gold) is always, and I mean ALWAYS extremely important factor for its current and future valuation.
Are you still saying that for a potential gold producing company such as ACRL, gold price is irrelevant? really? Statements like this make me wonder about your ability to reason logically
It does not matter whether it is exploration company or jr or major producer-commodity price is of essence ALWAYS. Rising gold price is another catalyst for ACRL.
If you sell today, know that when this will fly you will not be able to regain this position for these prices ever again. Even if it were to go to half a penny, when it takes off on news, it will go up within few ticks threw 3s and higher becaue on news based move NOBODY WILL BE SELLING. Longs with experience know what I am talking about.
Let this shakedown happen-it is not bad! This must take place in order to move up, and it is taking place thus all is well.
If you do not believe in this-move on. You don't have to buy shares of ACRL but it seems like you're absolutely scared of this stock, cuz it keeps on rising. You seem to be begging investors not to invest-don't you notice that they have been ignoring your plea for months and months? Just move on.
So you still don't believe that a potential gold mining company doesn't appreciate based on gold price rising to 9 year high? Are you kidding me? So if gold were 400 USD per OZ wouldn't 98% pf companies be useless? It seems you don't get basic business concepts.
Based on what I see coming from you, please don't worry about 'other' peoples' money because they are more qualified to decide what to do with their own savings than you, whom they don't know and who is showing very questionable business skills. And these are facts.
ACRL will be bought out. Just watch. However speaking of you, it for sure won't be you.
Look at the ACR: chart-it is crazy good! It goes up, then settles a few days or so and then shoots up again. This is a chance for few bright folks to load up because next stop will be 0.03+ but if news hit this flies and goes ballistic. Look up the chart-it is repeating with higher highs and higher lows!
It is exactly how it will be running. Quiet, some pullback, and then boooooom news hit the web and this explodes. No prisoners will be taken meaning that nobody who is out of position right now will be able to get in without insane price distortion upwards as a consequence.
Hey, and sorry for writing you few uncomfortable messages before, challenging your understanding of geology and such. I'm off this board as I used to be and wish you the best.
Still very thin, low float. Shares exchanging hands-good healthy pullback! ACRL!
This is best time to get into position before news take over this stock.
ACRL is working with geologists while using facilities at KL Macassa mine, and will decide how to do that. I will not make comments about how and what they will actually do because the small details to me are unknown, and that is of a secondary importance.
What's important is that they got boots on the ground and ACRL is moving on!
This result is duly noted and Atacama Resources will undertake extensive exploration and development in and around Hole #6 in 2019.
Read this: If you cannot read the link provided to you, I can't help you.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150236924
That was correct data for quarter, and that's what I was talking about, hence the link for THE MOST RECENT DATA WHICH HAS BEEN THE MOST ACCURATE FOR THAT TIME PERIOD. You still don't get it, do you?
Facts. You're wrong again.
Kirkland Lake owns primarily two high-grade, low-cost operations which sustain the unprecedented long-term success of the company:
Macassa mine located in Northeastern Ontario, Canada, with a grade of 29.6 G/ton.
https://seekingalpha.com/article/4274745-kirkland-lake-gold-fosterville-golden-asset
Hole #6 assayed, at approximately 365 feet, a gold concentration of eight (8) ounces per ton.
This result is duly noted and Atacama Resources will undertake extensive exploration and development in and around Hole #6 in 2019.
https://www.barrons.com/press-release/PR-CO-20190108-910922?tesla=y
ACRL and KL's Macassa mine share the same exact fault. That's the same fault where ACRL is gonna be drilling.
KL's Macassa mine is among the highest grade gold mines on the planet having 29 g/t and producing 250,000 OZ of gold per year with profits of 250,000,000 USD per annum.
https://www.barrons.com/press-release/PR-CO-20190108-910922?tesla=y
Read below. You need to learn something about the background how actual business is conducted. If there are potentially 3rd parties involved then there are NDA's involved as well. And If you don't know what NDA means it stands for the following: Non-Disclosure Agreement.
Todora diamond drilled seven holes on the Atacama 1 property in 1930 but Atacama Resources did not receive the assay results until late 2018.
It could very well be that KL or somebody else (I think it's KL) has this agreement and until everything is ready to go, they will not do any announcements.
Just wait till work is done and PR comes in. Then watch the share price and write back to me :)
ACRL Facts: Todora diamond drilled seven holes on the Atacama 1 property in 1930 but Atacama Resources did not receive the assay results until late 2018.
Atacama 1 consists of twelve claims on 480 acres. Core samples for four of the holes yielded gold concentrations of at least two (2) ounces per ton. These are very good results.
However, Hole #6 assayed, at approximately 365 feet, a gold concentration of eight (8) ounces per ton. This result is duly noted and Atacama Resources will undertake extensive exploration and development in and around Hole #6 in 2019.
https://www.barrons.com/press-release/PR-CO-20190108-910922?tesla=y
So there you have it. That's why we're all interested in ACRL because it may blow KL and its Macassa mine grades out of the water!
Glenn Grant, CEO reported "Atacama Resources International is excited about the Todora diamond drilling assay results.
The combination of the very positive gold concentrations found on the property and the proximity to the existing Micassa mine provide strong encouragement for Atacama to further develop the properties." Adds Grant, "The gold exploration activities in Kirkland Lake have taken on the appearance of a 'gold rush.'
New drilling is taking place at near record levels and the Atacama 1, 2 and 3 properties are in the middle of all this activity."
https://www.barrons.com/press-release/PR-CO-20190108-910922?tesla=y
Gold forecast: it is to rise rapidly as signs are showing today due to 1400 USD per OZ breakout.
https://secure.outsiderclub.com/197050?device=c&gclid=CjwKCAjw-ITqBRB7EiwAZ1c5UzboyGze2NXcpQDIwlbuHG9cLMgWZetFOyll8SNxvQ93EHpWYy2zZxoCRn0QAvD_BwE
More facts about ACRL-KL gold region.
Kirkland Lake is located within the Abitibi greenstone belt and the Abitibi gold belt. The main geologic feature in the Kirkland Lake Camp is the Kirkland Lake Break, or Main Break. This Break is a vein located along a thrust fault extending east to west and dipping steeply to the south. The area mine shafts are all located along this Break. Gold occurs in quartz veins in spatial relationship to this fault.[14] The major mines in 1960, trending east to west, included Toburn, Sylvanite, Wright-Hargreaves, Lake Shore, Teck Hughes, Kirkland Minerals, and Macassa.[5]:overleaf[15]
https://en.wikipedia.org/wiki/Kirkland_Lake
Here this is for you since you can't find yourself. Learn something about Ontario, Canada a number 1 gold producing region in Canada.
https://www.nrcan.gc.ca/our-natural-resources/minerals-and-mining/minerals-and-metals-facts/gold-facts/20514
Have you seen that 37,000,000 OZ 'mile of gold' area? Check the info and tell whether ACRL is part of that region or not. Case closed.
You're totally wrong. Study the area properly and check the ACRL website.
No he is right and you're wrong. Go to ACRL website and study the info properly.
I stay correct. All those majors and mid tier companies are surrounding and in the same 'mile of gold' region. You are wrong again. Newmont, Yamana, Primero, Taho, Yamana gold, Kirkland with Macassa mine within 2-3 min from ACRL property run by CEO Glenn Grant. Need I continue?
By the way Goldcorp has a mine not far away from ACRL.
Look, ACRL is surrounded by majors like Newmont/Goldcorp, Yamana Gold, Kirkland Gold, Tahoe Resources, Primero mining, and the list goes on.
The reason why it is in such beautiful place from exploration reasons is simple: that reagion is called a 'mile of gold' for a good reason which is due to 37,000,000 OZ of gold produced.
Are you gonna say the same thing when share the price ticks over 0.10 and KL buys ACRL out?
Do you know how KL came to life? They bought Macassa property from Kinross for 5 million due to the very same reasoning in Kinross years ago. Today Macassa is bringing to the table 250,000,000 USD in PROFITS. Guess how do you think Kinross feel? You're right, same as I would feel if I were in their shoes.
ACRL will produce lots of gold in due time via future high grade mine. Ask KL they know how it's done and they are just 2-3 min away from ACRL.
You are wrong. Check the ACRL website and learn about this matter properly.
Show us the proof? No factual proof?
Telling you right away, besides you, nobody believes that!
Yup, ditto! This is why we're all here. And nothing more nor less is needed along with solid management which we have in ACRL's CEO Glenn Grant.
I agree but no need to jump ahead, just wait on PRs which are around the corner. Remember, KL is also interested in low share prices for as long as possible, for obvious reasons.
likewise! See you later this week or next week.
Who are 'they'? I've never mentioned that term myself.
That's right. THe short term 'investors' flee, drop in and sell and buy again but they will disappear once price keeps moving up. When it gaps up, that's when they're out for good and long term investors come in with a real game plan. So all is well :)