Monday, December 09, 2019 11:09:52 AM
2 Bucks plus guys 2 Bucks plus. TSX/NASDAQ in next year. Believe it or not! ACRL may climb over 20-30 USD per share.
Gold discoveries world-wide are down! Existing mines are running on fumes, and no world-class discoveries have come up to replace the dwindling of existing gold ore. Gold is also in a new bull market, this is perfect storm brewing here in Kirkland Lake area: 37,000,000 oz of gold mined here and area has been nicknamed 'a mile of gold' for a reason! And all this with ACRL is in a top notch mining area which Ontario, CA is with existing mine next door (Macassa KLG). Talk about potential for JV or Buyout? Yes Sir!
ACRL is pursuing deep drilling program which will easily make this a 2-3 dollar company once all is confirmed as far as high grades go. That's an answer to those who think 2-3 billion valuation is something out of reach. Folks who don't understand mining business only think so amateurishly. And how is it going to be financed? Check who David Berry is, who Spivak is, and check their backgrounds. David Berry has been compared to be the Warren Buffet of Canada. I guess it's no surprise they took care of debt with ease and as their Nr.1 job once starting in Sep, 2019. How about that !
When all deep and shallow drilling and assaying is finished, this company will be not 2-3 bucks per share but rather 20-30 USD/share just based on GOLD alone.
Not gonna even mention Graphite, Cobalt, and Diamonds! That's a separate discussion and valuation.
Once ACRL completes DEEP DRILLING PROGRAM and has deposits containing 250,000 oz per year generating revenues at current gold prices 250,000,000 USD per annum for a mine life of 10-20 years, you can kiss 2-3 dollar price per share good bye for ever. This will be 30-40 USD per share. If one cannot follow this math I can't really help you, it indeed is simple but requires ability to apply the logic.
ACRL gonna make us wealthier! Cheers!!
https://www.otcmarkets.com/stock/ACRL/news/Atacama-Resources-Announces-Results-of-Magnetic-and-VLF-EM-Surveys-on-Atacama-3-Property?id=247725
https://drive.google.com/file/d/1-V949BqlApMm-cbjgxfwkXdQGPw6XGIo/view
http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/imaging/20000015196/20000015196_01.pdf
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- Form 10-12G - Registration of securities [Section 12(g)] • Edgar (US Regulatory) • 07/31/2024 04:56:31 PM
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