Monday, December 10, 2018 4:39:33 PM
https://acrlintl.com/blog/2018/11/23/ceo-ramblings-november-23-2018
The investment required to fully confirm the Atacama 1, 2 and 3 proven reserves has been fully budgeted on a project management basis and equals $5 million dollars. Required costs are substantiated for audit and review. Our investment initiative must focus on a $5 million capital raise over the next year with a first tranche of at least $1 million dollars immediately. The upside for the confirmation of gold ‘proven reserves’ for the Atacama 1, 2 and 3 holdings is almost too large to be believable. An analysis of the ACRL position, similar to the KLG analysis for its new shaft, would yield a proven reserve in the $5 billion dollar range. With a proven reserve pegged at a more realistic $1 billion dollars, the contribution to the market value of the company would be approximately $1 dollar per share. Starting with an assumption that the ACRL common shares could end up valued up to $1.00 per share because of the proven reserve confirmation, the investor upside is as follows. The investment offered with this capital raise is to sell the B shares at the equivalent of one cent per common share with a six-month hold. The investor, under even a worst-case scenario, should see a significant return in his ACRL investment
What I express is my opinions only! I recommend for you to Do your own Due Diligence to get yours.
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