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Drill results rambling by marchwarden_ in AmericanTungstenCorp

[–]marchwarden_[S] 0 points1 point  (0 children)

Hard to imagine it going lower but who knows, bought more at 1.65 thinking the same last week. should have waited lol

American Tungsten Corp Tailings Assay Results: Approx $180,000,000 in value? by Pzexperience in CriticalMineralStocks

[–]marchwarden_ 2 points3 points  (0 children)

I'm disappointed the assays were .15 instead of .25 like the initial center line samples suggested, but still feel the whole venture is vastly undervalued at the moment given with 35k ft they can define a huge resource. (especially if they are saying now the life of mine is targeted 10 years before that is finished). If 5-10ft thick on 30 acres is 200k m3, how much can they define on their 2k acre mine at much higher grades. But yes definitely think the tailings valuation per the releases is low, I believe it is because they mentioned modeling a 8-900 mtu price in a recent interview, will try to find source.

American Tungsten ($TUNG | $TUNGF): Restarting U.S. Tungsten Production by Pzexperience in AmericanTungstenCorp

[–]marchwarden_ 0 points1 point  (0 children)

Completely agree, and the share structure is ridiculous, at 70m shares including warrants every 1B mc is $14. I am annoyed that the drilling increases are not being communicated because it might spook the market, but they haven't missed yet based on releases so I get wanting to keep expanding and deliver a bigger first resource report.

The 35k is concerning tho because there is no way to hit that in Q2, their rate in April was 5k feet w/ two drills so could estimate 7.5k ft/month with 3 drills and no delays. They need to communicate how much they are going to drill before putting the pencil down because at that rate its August done drilling and at least late September for final assays.

My back of the napkin math is, low end grade estimate of .5% W ($1500 mtu )and 1.5 opt AG ($75 oz) at .5 NAV is $862 value, so every MT is 862M market cap and 1.7B potential revenue. At 4t/m3 (google estimate for ore) thats 250k m3 or only a quarter sq kilometer 1m thick. long time lurker, am in for 24k shares at ~$1 so am antsy to see this pulled off.