Friday, August 30, 2019 3:10:36 PM
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.
ACRL has about 40% (10,000 acres) of land package compared to Macassa mine that is owned by Kirkland Lake Gold Corp (current share price 50 dollars per share) 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 US Dollars company in profit alone! Now imagine if gold price soars to 5,000 USD per OZ? ACRL will be a multi-billion dollars company. Wow...
Once grades are confirmed, ACRL will be heading to NASDAQ with 4 dollars Plus PPS!! Cheers!
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