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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@BenjaminCox@rocketRed I think I will take David Broughton's view over yours on if $bay can fly. :-). He might know something about Sed Hosted copper. Between the team that is doing the work I am damn impressed, and I think they can do some amazing stuff.
@BenjaminCox@lukejackson I spend my 1/2 of my time on reviewing projects for Outotec, and $bay is no slouch vs some of the stuff I review. It's a quality asset, and frankly the @rocketRed's of the world have spent years doubting me, and every year we have gotten stuff done. We don't talk our own book nearly enough, but we have a fine book. A good asset, a great team, and something for everyone to hate when needed.
@BrandonWell, we don't know how big the $BAY deposit is, really, and it's that mystery that is the driving factor behind the value proposition. Nobody can question the grade potential, the challenge for the team there is showing some sort of size. I love the geology and hope it holds together.
@BrandonHe has kids. I have a kid now, too. We both have to look after our families. For reasons beyond our control $FWZ or $BAY may fail, and its not a great idea to put the well-being of our families in jeopardy to keep up appearances for market spectators.
@Brandon@RocketRed: totally fair. $BAY is a high risk play for sure. It's a swing for the fence and is not a project that works as a single or double. It's a home run or its nothing. Certainly not for everyone, and there's no fault in that. But "not a good risk for me" is not the same as "not a good risk for anyone"
@BenjaminCoxSeal Zinc is not shabby, and it is 300m from the Ocean $bay. With our previous partner it could get 0% focus, but we are clearly in a Zinc/Copper area, and it is one heck of a starter operation for anything in the region..
@RocketRed$BAY Zinc mineralization
includes the Typhoon showing and the Seal
deposit, the latter of which has an inferred
resource of 2 million tonnes grading
8% zinc and 25 g/t silver.
Cominco discovered base metal
mineralization in the area in 1996. A
geophysical survey was flown in 1997, and was
followed by more detailed work including
drilling between 1998 and 1999.
Noranda acquired an interest in the property
and was the operator in 2000. Geophysical
surveys, include hyperspectral surveys, were
flown over the property. About 1900 metres of
diamond drilling were completed on pre-existing
targets. A new showing, the Typhoon, was
discovered by prospecting. The showing
consists of sphalerite-bearing gossans found
over a 1.2 kilometre strike length
@Stargate2StargateII still models the Storm Copper Project as world-class, and we would be very willing to drill test it ourselves if Aston Bay accepts our offer to do so.......
click to invite
@Stargate2ESSCO is pleased to announce further Stargate II test partnering undertakings with Noble Mineral Exploration on its 70,000 hectare Project 81 claim holdings in Timmins......Kidd Creek repeat environment detection is the model being pursued........
@BenjaminCoxIf you want a technical update I would reach out to Tom, he is never going to chat online (not his style), but he is worth chatting with and understanding what he is focusing on. I am pretty pumped, and that is coming from a guy who does not love the exploration business. Aston $Bay could be something, and something that is material... All the work I am doing at my second job (Structured Finance for Outotec), has given me a refreshed understanding of how rare that really is. Most of the stuff I am looking at just does not cut it.
@LucTenHaveI decided to particpate in the Aston Bay $BAY private placement. They have a good team, potential for a tier 1 deposits, and a solid share structure. The half warrant in the private placement is valid for 18 months. A quote from Rick Rule's recent presentation about private placements; "the warrant duration needs to be sufficient to give you the option upon the successful answer of the unanswered question". According to Aston Bay's corporate presentation, the prize is a stratiform copper deposit formation. One of the key shareholders is the Dutch Commodity Discovery Fund. They own 6% of the O/S and I believe they will participate in the PP again.
@Vaughan@MiningBookGuy, I think I'm going to take a position in $BAY PP. My understanding is that they aren't drilling this year, but will spend a significant amount of money doing the groundwork for Dr. David Broughton to work his magic (award-winning former VPEx for Ivanplats/Ivanhoe who is credited with discovery of Flatreef and Kamoa-Kakula).
@MiningBookGuy@Vaughan - on $BAY, all the pieces seem in place. i just think people will need to be patient, and there's still a chance for interesting stuff to happen this summer. I also think people underestimate the #zinc potential to go along with #copper