ACRL - an exciting junior exploration company that's residing right next to a world class Macassa mine (250,000 OZ per annum x 10 years), and is just 2-3 min away. For those who don't know the Macassa mine's fault crosses over into the ACRL territory and that's where the exploration is taking place. In mining world grade is king. What grades is Macassa operating with? They got 29 g/ton! That's not a surprise because ACRL resides in the area which has been nicknamed in the rest of the mining world as ''a mile of gold'' and for a good reason as per my aforementioned grades.
What's the reason of excitement? It is quite simple. ACRL CEO, Glenn Grant simply is delivering on his promises. He has gotten together a team of geologists that are working with him while testing samples at KL facilities. ACRL has become PINK CURRENT, and these are just few catalysts that have moved ACRL from 0.0002 per share to almost a penny today marking about 40,000% share price appreciation in just 6 short months. ACRL is in good hands.
ACRL has about 40% (10,000 acres) of land package compared to Macassa mine that is owned by Kirkland Lake Gold and if grades are confirmed ACRL would be hauling in around 100,000 OZ of gold per year. At today's price levels ACRL would bring in NET profits of 100,000,000 USD. For a 10 year mine lifetime this would become 1 billion company in profit alone! Now imagine if gold price soars to 5,000 USD per OZ?
Look, this 1 penny price per ACRL junior exploration company share will seem like impossible dream when PRs start to come in. Even at today's price levels ACRL's share price would be valued well north of 1 USD per share when grades are confirmed. This is the upside and that's why I am here with ACRL community and CEO Glenn Grant.This will be huge.
Company like this has nothing to worry about once exploration grades are confirmed-it will matter not whether there are some payments that need to be taken care of or any other issues. In my opinion the most likely scenario is a buy-out deal by Kirkland Lake Gold company and this will make all the share holders very, very wealthy. Remember, staying on the sidelines will not move the dot, it's just that simple.
(Reproduced Mr. Au4life's today's post)
