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Posted On: 02/12/2021 3:22:00 PM
Post# of 1088
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Bitcoin hits another record. Here’s how much you’d have if you invested $100 in 2009
https://www.cnbc.com/2021/02/12/how-much-youd...-2009.html
Nothing will go on forever, Bitcoin price is mainly controlled and manipulated by Chinese Bitcoin miners, the Chinese government is cracking down on Chinese investment in Bitcoin because the rich Chinese use Bitcoin investment to transfer their wealth out of China. When the big bubble bursts with a loud pop, trillions of dollar of value will go up in smoke.
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Head-And-Shoulder is a natural chart formation in Nature, it is the most liable and predictable chart pattern among all chart formations.
Bullish and bearish Head-And-Shoulder patterns
https://encrypted-tbn0.gstatic.com/images?q=t...p;usqp=CAU
Bullish Head-And-Shoulder pattern - fail break pattern
Bullish Head-And-Shoulder pattern in copper
Bullish Head-And-Shoulder pattern in XAU mining index
Bullish Head-And-Shoulder pattern in Gold
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Aben Resources's Forrest Kerr drill core assays
Click for enlarged view
https://investorshangout.com/images/MYImages/...assays.jpg
Missed investing in Bitcoin in its infancy? Here is a second chance in life
12,500 meters were drilled in the North Boundary zone in 2017, 2018, 2019 drilling programs, calculated from the assays, average gold grade is 3 grams per tonne. (sum of all core length x gold grade in that core divided by 12,500 meters). In each typical 20 million tonnes of ores, there are 60 million grams or nearly 2 million troy ounce of gold, so Aben's current resources is potentially 2 million ounces of gold plus silver and copper value. At gold enterprise value $86 per ounce, same as that in Skeena Resources, Aben's gold resource value is $172 million. If all outstanding warrants will be exercised, outstanding shares will be 164 million, share price will be $1.05. If the future drilling in the South Boundary will has similar assays as in the North Boundary, Aben's gold resources will be double at $4 million ounces just like what Skeena Resources has in its Eskay Creek mine:
Indicated gold resources: 13.4 million tonnes with 4.4 g/t
Inferred gold resources: 14.7 million tonnes with 2.0 g/t
Corresponding ABN.V share price will be $2.10.
If you invest $100 in Aben stocks at 7 cents, your future worth could be 30 x $100 = $3,000, if you invest $100K in Aben stocks at 7 cents, your future worth could be 30 x $100K = $3 million. If you invest $1 million for 14 million shares at 7 cents, your future worth could be 30 x $1 million = $30 million.
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Source of Information :
https://skeenaresources.com/eskay-creek/overview/
https://seekingalpha.com/article/4376455-cana...ns-q3-2020
Method of calculation:
1) number of ounce of gold in each drill core = length of core x area of core x density of core in tonnes per cubic meter x grams of gold per tonnes in that core
Total number of ounce of gold from ALL drill holes = sum of above
2) Overall weight of cores drilled = total length of cores drilled x area of core x density of core in tonnes per cubic meter
So the overall grade of gold in ounces per tonne is 1) divided by 2). In the calculation, area of core and density of core were cancelled out so they do not have to be known.
Of course my estimate is only a guideline, future share price is determined by the company's actual resources and reserves. If Aben's resources will be similar to that of Great Bear Resources, future share price will be 40% that of Great Bear at around $5.75 as Aben's share outstanding is 2.6 times that of Great Bear. Judging from the share price of other mining companies surrounding Forrest Kerr, Aben's share price certainly will not be at 7 cents a few years from now as the company delineates its resources and reserves and the company will be sold to a bigger mining company which desperately wants to replenish its dwindling mineral reserves.
Happy trading, wish you all will fulfill your financial dream, happy early retirement.
Sincerely,
Timothy
https://www.cnbc.com/2021/02/12/how-much-youd...-2009.html
Nothing will go on forever, Bitcoin price is mainly controlled and manipulated by Chinese Bitcoin miners, the Chinese government is cracking down on Chinese investment in Bitcoin because the rich Chinese use Bitcoin investment to transfer their wealth out of China. When the big bubble bursts with a loud pop, trillions of dollar of value will go up in smoke.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Head-And-Shoulder is a natural chart formation in Nature, it is the most liable and predictable chart pattern among all chart formations.
Bullish and bearish Head-And-Shoulder patterns
https://encrypted-tbn0.gstatic.com/images?q=t...p;usqp=CAU
Bullish Head-And-Shoulder pattern - fail break pattern
Bullish Head-And-Shoulder pattern in copper
Bullish Head-And-Shoulder pattern in XAU mining index
Bullish Head-And-Shoulder pattern in Gold
Aben Resources's Forrest Kerr drill core assays
Click for enlarged view
https://investorshangout.com/images/MYImages/...assays.jpg
Missed investing in Bitcoin in its infancy? Here is a second chance in life
12,500 meters were drilled in the North Boundary zone in 2017, 2018, 2019 drilling programs, calculated from the assays, average gold grade is 3 grams per tonne. (sum of all core length x gold grade in that core divided by 12,500 meters). In each typical 20 million tonnes of ores, there are 60 million grams or nearly 2 million troy ounce of gold, so Aben's current resources is potentially 2 million ounces of gold plus silver and copper value. At gold enterprise value $86 per ounce, same as that in Skeena Resources, Aben's gold resource value is $172 million. If all outstanding warrants will be exercised, outstanding shares will be 164 million, share price will be $1.05. If the future drilling in the South Boundary will has similar assays as in the North Boundary, Aben's gold resources will be double at $4 million ounces just like what Skeena Resources has in its Eskay Creek mine:
Indicated gold resources: 13.4 million tonnes with 4.4 g/t
Inferred gold resources: 14.7 million tonnes with 2.0 g/t
Corresponding ABN.V share price will be $2.10.
If you invest $100 in Aben stocks at 7 cents, your future worth could be 30 x $100 = $3,000, if you invest $100K in Aben stocks at 7 cents, your future worth could be 30 x $100K = $3 million. If you invest $1 million for 14 million shares at 7 cents, your future worth could be 30 x $1 million = $30 million.
Source of Information :
https://skeenaresources.com/eskay-creek/overview/
https://seekingalpha.com/article/4376455-cana...ns-q3-2020
Method of calculation:
1) number of ounce of gold in each drill core = length of core x area of core x density of core in tonnes per cubic meter x grams of gold per tonnes in that core
Total number of ounce of gold from ALL drill holes = sum of above
2) Overall weight of cores drilled = total length of cores drilled x area of core x density of core in tonnes per cubic meter
So the overall grade of gold in ounces per tonne is 1) divided by 2). In the calculation, area of core and density of core were cancelled out so they do not have to be known.
Of course my estimate is only a guideline, future share price is determined by the company's actual resources and reserves. If Aben's resources will be similar to that of Great Bear Resources, future share price will be 40% that of Great Bear at around $5.75 as Aben's share outstanding is 2.6 times that of Great Bear. Judging from the share price of other mining companies surrounding Forrest Kerr, Aben's share price certainly will not be at 7 cents a few years from now as the company delineates its resources and reserves and the company will be sold to a bigger mining company which desperately wants to replenish its dwindling mineral reserves.
Happy trading, wish you all will fulfill your financial dream, happy early retirement.
Sincerely,
Timothy
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