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On a completely different subject!


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Well if we are still talking stocks. Little company out of Vancouver with quite the history....Amarc... the ticker is AHR. They own a bunch of interesting properties. How interesting? Well Freeport MacMoran signed joint venture deal last year worth 110 million and the stock is still quietly sitting around .10!! Oh ya, I bought a few shares of this one!!

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On 11/4/2021 at 11:10 AM, 412driver said:

Well if we are still talking stocks. Little company out of Vancouver with quite the history....Amarc... the ticker is AHR. They own a bunch of interesting properties. How interesting? Well Freeport MacMoran signed joint venture deal last year worth 110 million and the stock is still quietly sitting around .10!! Oh ya, I bought a few shares of this one!!

They’ve actually only committed to $35 million over 5 years for a 60% buy in. The 2nd portion of $75 million is over a further 5 years and is optional. They will only continue if there is considerable upside as it only provides another 10% ownership.

$35 million over 5 years is pocket change in the exploration world these days. Many projects in BC are spending $50+ million per season.

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On 11/6/2021 at 1:01 AM, nwbc said:

They’ve actually only committed to $35 million over 5 years for a 60% buy in. The 2nd portion of $75 million is over a further 5 years and is optional. They will only continue if there is considerable upside as it only provides another 10% ownership.

$35 million over 5 years is pocket change in the exploration world these days. Many projects in BC are spending $50+ million per season.

Any time a major starts spending big money on a penny stock that is sitting at .10 ... you have lots of upside potential. They will know what is in the ground in the next year or so and if they like it? Bob will sell it all! ;)

 

 

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