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Thursday, August 01, 2019 11:48:11 AM
Once exploration phase is finished, we're all set. ACRL is surrounded by majors such as Barrick Gold Corp.( owns now Goldcorp GG), KLG, Yamana Gold to name a few and resides in the area which formerly has produced over 37,000,000,000 (37 million) OZ, and has been nicknamed the 'mile of Gold'.
Just like Kinross Gold Corporation in 2001 sold the property to Foxpoint Resources for measly 5 million, where latter became Kirkland Gold company and look at KLG today - now it is a valued at 45 USD per share and is a multi billion company. ACRL is on its way to replicate just that, nothing more and nothing less.
ACRL is within 2-3 min ride from KLG's Macassa mine which is among the highest grade gold producers on the planet producing 250,000 OZ of gold every year for AISC of just 550 or USD per OZ. Just beautiful :)
Macassa mine alone for KLG is bringing in PROFITS around 200,000,000 - 250,000,000 USD per annum.
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-asse
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