AHK 0.00% 17.0¢ ark mines limited

Ann: ABU:ABM and Ark Mines sign Agreement for the Old Pirate Proj, page-25

  1. 825 Posts.
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    If they can get this deal across the line on favorable terms it could be a real game changer.

    Old pirate and Buccaneer were once valued by the market at close to $250 million.

    Many millions spent drilling it out and the mill that AHK will acquire as part of this deal averaged about 10gms to the tonne before ABM changed mills to a larger one 70 klms away.

    There is a lot of gold there and if gold prices remain firm or rise even higher then the 3,3 mill market cap looks a great opportunity to make many multiples of current share price.
 
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